Daily Mail seeking 35 voluntary redundancies, more than 20% of its Irish staff
DMG Media Ireland, the company that publishes the Irish Daily Mail and the Mail on Sunday, is seeking 35 voluntary redundancies, more than 20 per cent of its current staff.
It also said that, if the proposed voluntary scheme was undersubscribed, it would move to compulsory redundancies. Staff were told the redundancies would focus primarily on the Daily Mail rather than the Mail on Sunday edition. Under the proposed scheme, staff would be offered six weeks’ pay per year of service. That will include two weeks statutory redundancy pay capped at weekly earnings of €600, plus another four weeks of pay per year served.“Meeting the challenges presented by a continuing declining newspaper and advertising market requires us to constantly review our operations,” DMG said in a statement circulated to staff on Friday afternoon.
“As a result, we are implementing a voluntary redundancy programme incorporating the most enhanced voluntary redundancy package the company has ever offered,” it said.
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