News Corp Australia Offers Buyouts and Announces $40M Cost-Cutting
December 7, 2016
News Corp Australia is making 42 journalists, artists and photographers redundant in the latest round of cost-cutting in a bid to slash $40m from Rupert Murdoch’s Australian newspapers.
Journalists at the Australian, the Daily Telegraph, the Herald Sun and the Courier Mail have been offered the chance to take a voluntary redundancy after a fall in revenue from print advertising took its toll.
Forced redundancies will follow if the company does not fill its quota.
