Thursday December 5, 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

Lab academic says Ireland is missing out in terms of education, knowledge-sharing and ‘the mysteries of the universe’

Emmet Ryan | 4 days ago

The Kardashians, the family for whom the phrase ‘famous for being famous’ was made, were the forerunners of today’s influencer culture and, by monetising their very selves, have created a new kind of uber-celebrity

Marion McKeone | 4 days ago

Becoming a father at 16 gave Andy Farrell a crash course in the ways of the world. Almost three decades later, the former rugby league legend has taken over from Joe Schmidt as head coach of Ireland

Garry Doyle | 1 week ago