Financial Times To Cut 60 Job Positions
The Financial Times
is reducing workforce of 1,600 people by 60 positions - primarily in commercial departments. The Guardian reports
that no journalists positions are being made redundant.
FT management has begun consultation with employees about the redundancies, with staff in the editorial library and the managing editor's office at risk of losing their jobs.
Other employees who face possible redundancy include staff from advertising sales, finance, IT, conferences and marketing.
No journalists will be made redundant, but FT insiders fear the loss of librarians will affect editorial quality.
Dan Bogler, the FT managing editor, told journalists that six library staff faced possible redundancy along with two staff from his office.
The Telegraph reports
that the last time the Financial Times
made cuts was two years ago when they removed fifty positions.
Posted on October 25, 2008
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