Mediakorporatsiya The Daily Mail and General Trust (DMGT), which belongs to the British tabloid The Daily Mail, dismiss thousands of its employees, reports BBC News. The decision was taken because in recent years the company has significant losses due to reduced advertising revenue due to the financial crisis.
According to the manual DMGT, now the corporation is facing serious financial difficulties. It was expected that in the first half of 2009, revenues will drop significantly. That is why the company is not obliged to dismiss 500 people, as planned in November 2008, and twice as much.
Massive reductions affect employees of regional offices DMGT - of Northcliffe Media. According to mediakorporatsii, some of the employees already laid off. Northcliffe Media Publishing organization prints 113 newspapers total circulation of 4.1 million copies a week. Publications DMGT regional units are distributed in the central counties of Great Britain and in the south of England.
Note that due to the economic crisis, many publications are forced to either significantly reduce staff or suspend production. In addition, many newspaper owners who do not cope with the consequences of the crisis, closed or exhibited for sale. Recall that in January 2009, a Russian businessman Alexander Lebedev has bought a controlling stake owned by The Daily Mail and General Trust London Evening Standard newspaper for one million pounds sterling (more than a half million euros).