IN BRIEF: Reach plans to cut 450 jobs in cost reduction programme
8th Nov 2023 10:33
Reach PLC - London-based newspaper publisher - Launches further cost-cutting measures for a 5% to 6% reduction in operating costs for 2024, as part of its ongoing planning process. Says that the programme will "strengthen" its position as a digital publisher and "mitigate against the backdrop of continuing inflationary pressures that we expect to impact 2024". The programme includes a workforce reduction by 450 roles. Reach explains that these savings "will allow the business to deliver on its long term plans, while continuing to invest to drive better customer value, develop online products and grow new audiences." Read More