Friday December 13, 2019

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

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Patient advocates are unhappy with the latest report on the national cervical screening programme and want further reviews, but some medical experts say resources would be better used elsewhere

Susan Mitchell | 5 days ago

Britain’s so-called ‘election of a generation’ is as muddled and confused as the Brexit debate that preceded it. On the ground in a number of constituencies, it proves difficult to take the temperature of this strangest of political contests

Susan O'Keeffe | 5 days ago

Undisclosed pay deals, secret pensions and underpayment of tax are just some of the problems left by John Delaney, as last week’s press conference revealed that the FAI has a long road ahead of it

Róisín Burke | 5 days ago