Newspaper and magazine publisher DC Thomson announces 300 redundancies
Around half of the jobs expected to go will reportedly be at the Aceville publisher in Colchester, Essex.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.A Scottish newspaper and magazine publisher has told staff 300 people could be made redundant to plug a £10 million gap in finances.
Staff at DC Thomson were on Thursday told of the cuts, which are expected to centre mainly on the company’s magazine portfolio.
Around half of the jobs expected to go will reportedly be at the Aceville publisher in Colchester, Essex, which was purchased by the company in 2018.
DC Thomson also owns the Press and Journal and Evening Express newspapers in Aberdeen and the Courier and Evening Telegraph in Dundee, as well as the Glasgow-based Sunday Post.
It is not yet clear how many jobs in the company’s newspapers will be cut or from which titles.
We will be announcing the closure of some well-loved titles, as well as the cessation of some commercial activities
The long-running Beano comic is also owned by the firm.
Rebecca Miskin, chief executive of the company’s media arm, said on Wednesday: “We will be announcing the closure of some well-loved titles, as well as the cessation of some commercial activities.
“This will mean losing some valued colleagues, something we deeply regret.
“These moves are vital to set us up to thrive in the future and to respond to the difficult economic environment we are in.
“Until discussions have taken place with colleagues, we aren’t able to comment on the number of people or the titles which will be impacted.”
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.