Landmark Media Investments Ltd announcement

Investment in new editorial production, advertising and finance systems at the publishing group Landmark Media Investments ("the Group"), which employs approximately 560 people, will facilitate the Group’s business re-engineering project through work practice changes and centralisation of services.

Landmark Media Investments Ltd announcement

Investment in new editorial production, advertising and finance systems at the publishing group Landmark Media Investments ("the Group"), which employs approximately 560 people, will facilitate the Group’s business re-engineering project through work practice changes and centralisation of services.

This will result in approximately 50 job losses across the Group, spread across Cork and across the regional offices.

Landmark Media, publishers of the Irish Examiner, the Evening Echo and several regional newspapers, made the announcement at a series of staff briefings at the Group's Cork headquarters and at the regional titles today.

Group CEO Tom Murphy said that following the successful centralisation of advertising production in Cork, crucial investment in new technological systems would facilitate the centralisation of editorial production, also in Cork and possibly at one of the regional newspapers locations.

Centralisation of back-office functions such as finance is also underway in Cork.

Mr Murphy told staff that while the operating and financial position of the Group had improved considerably over the past year, more efficiencies need to be achieved to underpin the Group’s future operating and financial structure.

The job losses will be primarily, but not exclusively, in editorial production, administration and finance throughout the Group. It is anticipated that approximately half of the redundancies will be in Cork and the remainder in the regional titles.

Landmark Media Investments Limited is a publishing Group based in Cork, which publishes the Irish Examiner, Evening Echo and also publishes the following regional titles: Nationalist Series, Western People, Wexford Echo Series, Waterford News and Star and Roscommon Herald.

The Group also owns RecruitIreland.com and Landmark Digital (including breakingnews.ie) and is a significant shareholder in a number of radio stations.

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