Monday July 13, 2020

Pitt: INM will seek further redundancies

No fixed date set for dividends as media group boss admits ‘the future of the business is still not secured’

30th August, 2015
Robert Pitt

Independent News and Media is to seek further redundancies in the next two years, its chief executive Robert Pitt has said.

Speaking as the media group released its results for the six months to June 2015, Pitt said INM would always look for ways to cut costs. The company ran a voluntary redundancy scheme for its editorial staff earlier this year, which resulted in 25 lay-offs.

“We are very cognisant of the fact that print revenue across...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 3 weeks ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 2 months ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago