INM now facing major cost cuts

Staff at Independent News and Media (INM) are facing a raft of cost cuts as new chief executive Vincent Crowley is asked by the board to come up with a radical cost-saving plan.

21st April, 2012
INM now facing major cost cuts
Denis O'Brien: tackling INM's €430m debt is the priority. Photo: Bloomberg

Staff at Independent News and Media (INM) are facing a raft of cost cuts as new chief executive Vincent Crowley is asked by the board to come up with a radical cost-saving plan.

Crowley, who took over from Gavin O'Reilly last week, is to conduct a review of costs and strategy, with demands from the company's bankers to boost profits to pay down debt a key issue. The sale of assets abroad and the further...

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