Independent News & Media (INM) plans to make about 60 redundancies from its 250 Independent editorial staff by the New Year, in a US-style slash-and-burn that this country has rarely seen outside regionals and magazines. In all, 90 of 424 total staff will go in a bid to save £10 million, FT.com says. INM sales fell 14.1 percent in the UK between January and June – with the ad recession biting harder now, it’s the staff who are in the firing line…
UK MD Simon Kelner (via FT.com):