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The owner of the Daily Mirror, Daily Express and Daily Star newspapers is to axe 550 jobs amid falling print sales and advertising income.
Reach, which also publishes regional titles across the UK, announced on Tuesday it would reduce its workforce by 12 per cent in a bid to cut costs by £35m.
The group did not give details of where the job losses would fall but said it wanted to become a “streamlined, efficient organisation” with “more focused” editorial, advertising and central operations.
It will look to bring together national and regional editorial teams across its titles in a more centralised structure, close some local commercial and finance sites, and simplify its management structure.
But Reach said it would end the recent temporary pay cuts for all staff, except senior executives and board members, and invest more heavily in its digital operations amid an increasing shift towards online news.
Chief executive Jim Mullen said: “Structural change in the media sector has accelerated during the pandemic and this has resulted in increased adoption of our digital products.
“However, due to reduced advertising demand, we have not seen commensurate increases in digital revenue.
“To meet these challenges and to accelerate our customer value strategy, we have completed plans to transform the business and are ready to begin the process of implementation.
“Regrettably, these plans involve a reduction in our workforce and we will ensure all impacted colleagues are treated with fairness and respect throughout the forthcoming consultation process.”
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1/50 6 July 2020
Bamburgh Castle in Northumberland, which re-opened to the public after being closed due to the coronavirus lockdown
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2/50 5 July 2020
People visit Columbia Road Flower Market, London, as it reopens following the easing of coronavirus lockdown restrictions across England
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3/50 4 July 2020
A member of bar staff wearing PPE in the form of a face mask, pours drinks inside the The Goldengrove in Stratford
AFP via Getty
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Cardboard cutouts of fans in the stands prior to the League One play-off semi final match between Portsmouth and Oxford United at Fratton Park
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5/50 2 July 2020
A diver cleans the inside window of the seal tank at Tynemouth Aquarium in North Shields, as it prepares to open on Saturday after further coronavirus lockdown restrictions are lifted in England
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Slackliner Sandor Nagy practices on the beach in Boscombe, on the south coast of England
AFP via Getty
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(left to right) Sinn Fein leader Mary Lou McDonald, former Sinn Fein leader Gerry Adams, and Deputy First Minister Michelle O’Neill attending the funeral of senior Irish Republican and former leading IRA figure Bobby Storey in west Belfast
PA
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Former Team GB Rhythmic Gymnastic dancer Hannah Martin during a training session at Ouse Valley Viaduct in Sussex
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People visit Bolton Abbey in Yorkshire, that recently reopened following the easing of coronavirus lockdown restriction
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A protest for Justice for Shukri Abdi on Trafalgar Square in London, following a raft of Black Lives Matter protests across the UK
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11/50 26 June 2020
Police at the scene of an incident at the Park Inn Hotel in central Glasgow. Scottish police said armed officers shot dead a man after a suspected stabbing in the city centre left six others injured, including one of their colleagues. Several roads were closed and the surrounding area was cordoned off
AFP via Getty
12/50 25 June 2020
A horse is washed down at Haydock Racecourse
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13/50 24 June 2020
People enjoy the hot weather on Margate beach
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14/50 23 June 2020
Tony Bennett the owner of The Devereux pub in Temple, London. Pub and hospitality bosses have cheered the Government’s proposals to allow customers through their doors again on July 4 as “a welcome relief”. PA Photo. Picture date: Tuesday June 23, 2020. Prime Minister Boris Johnson said on Tuesday that pubs, restaurants and cinemas will be able to reopen from July 4, with “one metre-plus” distancing measures in place
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15/50 22 June 2020
Police forensics officers carry out a search near Forbury Gardens, in Reading town centre, the scene of a multiple stabbing attack which took place at around 7pm on Saturday, leaving three people dead and another three seriously injured
PA
16/50 21 June 2020
Soccer Football – Premier League – Everton v Liverpool – Goodison Park, Liverpool, Britain – June 21, 2020 Children play football outside the stadium before the match, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19)
Action Images via Reuters
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Arsenal’s midfielder Nicolas Pepe kneels before the Premier League match against Brighton and Hove Albion at the American Express Community Stadium in southern England
AFP via Getty
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Bianca Walkden during a training session at the National Taekwondo Centre in Manchester
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19/50 18 June 2020
French President Emmanuel Macron gestures about social distancing alongside Prime Minister Boris Johnson as he arrives at Downing Street for a meeting. Macron also visited London to commemorate the 80th anniversary of former French president Charles de Gaulle’s appeal to French people to resist the Nazi occupation during World War II
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20/50 17 June 2020
Players kneel, as well as, having ‘Black Lives Matter’ in place of names on their shirts prior to the start of the Premier League match between Aston Villa and Sheffield United at Villa Park in Birmingham. The league resumed after its three-month suspension because of coronavirus
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Motakhayyel ridden by Jim Crowley, right, wins the Buckingham Palace Handicap during day one of Royal Ascot. This year, the flat racing’s biggest meeting, is behind closed doors due to the coronavirus outbreak
PA
22/50 15 June 2020
Queues form at Primark at the Rushden Lakes shopping complex after the government relaxed coronavirus lockdown laws significantly, allowing zoos, safari parks and non-essential shops to open to visitors
Getty
23/50 14 June 2020
A man kneels at a commemoration to mark the third anniversary of the Grenfell Tower fire in London. The fire claimed 72 lives on 14 June 2017
PA
24/50 13 June 2020
Protesters confront police in Whitehall near Parliament Square, during a protest by the Democratic Football Lads Alliance
PA
25/50 12 June 2020
A Black Lives Matter supporter sings to crowds who marched with her in front of the National Gallery in Trafalgar Square in London. The death of an African American man, George Floyd, while in the custody of Minneapolis police has sparked protests across the United States, as well as demonstrations of solidarity in many countries around the world
Getty
26/50 11 June 2020
Scouts show their support at the Lord Baden-Powell statue in Poole. The statue of Robert Baden-Powell on Poole Quay is to be placed in “safe storage” following concerns about his racial views
Getty
27/50 10 June 2020
Social distancing markers around the penguin enclosure at London Zoo. Staff have been preparing and are now ready for reopening next week with new signage, one-way trails for visitors to follow, and extra handwashing and sanitiser stations in place
PA
28/50 9 June 2020
Protestors hold placards and shout slogans during during a protest called by the Rhodes Must Fall campaign calling for the removal of the statue of British imperialist Cecil John Rhodes outside Oriel College, at the University of Oxford
AFP via Getty
29/50 8 June 2020
Hermione Wilson helps to install a new artwork at Jupiter Artland, Edinburgh, created as a tribute to the NHS titled “A Thousand Thank Yous” originally devised by the late Allan Kaprow which consists of colourful painted messages on cardboard and has been directed remotely by London-based artist Peter Liversidge
PA
30/50 7 June 2020
The Edward Colston statue has been pulled down by Black Lives Matter protesters in Bristol. Colston was a 17th century slave trader who has numerous landmarks named after him in Bristol
SWNS
31/50 6 June 2020
Children pose for their family in front of discarded placards fixed on a wall in Piccadilly Gardens after a Black Lives Matter demonstrations in Manchester. The death of an African-American man, George Floyd, while in the custody of Minneapolis police has sparked protests across the United States, as well as demonstrations of solidarity in many countries around the world
Getty
32/50 5 June 2020
Protesters kneel in Trafalgar Square during a Black Lives Matter demonstration in London, England. The death of an African-American man, George Floyd, while in the custody of Minneapolis police has sparked protests across the United States, as well as demonstrations of solidarity in many countries around the world
Getty
33/50 4 June 2020
Protestors march from Windsor Castle in solidarity with the Black Lives Matter movement
Getty
34/50 3 June 2020
People wearing face masks hold banners in Hyde Park during a Black Lives Matter protest following the death of George Floyd who died in police custody in Minneapolis
Reuters
35/50 2 June 2020
Street artist Nath Murdoch touches up his anti-racism mural in Peterborough, Cambridgeshire
PA
36/50 1 June 2020
Customers socially distance themselves as they queue to enter Ikea in Warrington. The store opening saw large queues of people and traffic on adjacent roads as it reopened after the lockdown. The furniture and housewares chain reopened its stores across England and Northern Ireland subject to several restrictions, keeping its restaurants closed and asking customers to shop alone
Getty
37/50 31 May 2020
A man wearing a protective face mask kneels in front of police officers during a protest against the death in Minneapolis police custody of African-American man George Floyd near the U.S. Embassy, London, Britai
Reuters
38/50 30 May 2020
Visitors at Grassholme Reservoir in Lunedale, Co Durham are able to cross an ancient packhorse bridge as work on the dam wall means water levels have dropped signifcantly to reveal this monument of the pas
UK
39/50 29 May 2020
British Tennis player Maia Lumsden in action at Bridge of Allan Tennis Club. People can meet family and friends outdoors and play sports such as golf and tennis again as the country is moving into phase one of the Scottish Government’s plan for gradually lifting lockdown
PA
40/50 28 May 2020
A police frogman, searches for a weapon in Abington Lake in in Northampton
Getty
41/50 27 May 2020
Prime Minister Boris Johnson appears before the Liaison Committee via Zoom from the cabinet room at 10 Downing Street, amid the coronavirus
10 Downing Street/Reuters
42/50 26 May 2020
Members of the public relax on the beach at Botany Bay in Margate
Getty
43/50 25 May 2020
Dominic Cummings, senior aide to Prime Minister Boris Johnson, makes a statement inside 10 Downing Street, London, over allegations he breached coronavirus lockdown restrictions
AP
44/50 24 May 2020
A demonstrator holds a sign reading ‘Why are you above the law?’ outside the house of Dominic Cummings in London, following allegations Cummings broke coronavirus lockdown rules by travelling across the country
Reuters
45/50 23 May 2020
People take a walk near Durdle Door as cows graze in Lulworth
Reuters
46/50 22 May 2020
Waves break onto a wall at Brighton beach
Reuters
47/50 21 May 2020
Cafe owner Francini Osorio serves customers in a trial phase during the coronavirus lockdown. Osorio has installed an air purifier and 35 clear shower curtains, which will divide customers and tables, in the Francini Cafe De Colombia, Worcester, ready for the re-opening of his business as lockdown restrictions are eased
PA
48/50 20 May 2020
People at Bournemouth beach in Dorset, as people flock to parks and beaches with lockdown measures eased. The Met Office has predicted the hottest day of the year
PA
49/50 19 May 2020
A dog jumps into the water as families relax at a Lido in London
AP
50/50 18 May 2020
A fan celebrates outside Celtic Park after Celtic were crowned champions of the Scottish Premiership. Hearts were also relegated after a decision was made to conclude the season with immediate effect
PA
Details of the job cuts came as Reach revealed group revenues had slumped 27.5 per cent in the second quarter to 28 June – dropping as much as 30.5 per cent in April – as sales of newspapers fell sharply amid the coronavirus lockdown. Despite readers switching online for their news, digital revenue fell 14.8 per cent as advertisers reined in spending.
Reach said circulation still remained “significantly” below levels seen before the pandemic, although it saw a “modest but encouraging” improvement in June with group revenue declines last month narrowing slightly to 23.9 per cent.
Digital sales falls slimmed to 4.9 per cent in June, while print revenues were down 26.7 per cent.
Reach – which owns major regional titles including Scotland’s Daily Record, the Manchester Evening News, the Liverpool Echo and Newcastle’s The Chronicle – said it was raising its customer registrations target to 10 million by 2022, having already hit its 2020 aim of more than 2.5 million.
The group also plans to ramp up spending to improve its digital customer experience and will launch a new self-serve online platform for small business advertisers.
Reach has more than 70 websites across news, sport and showbiz. As well as news titles, it publishes OK! magazine and the sports website Football.London.
The company joins a long list of firms – such as British Airways, Pret A Manger and Upper Crust owner SSP Group – to have announced major job losses during the pandemic.
UK newspaper publishers warned in April that they faced losing £50m in revenues this summer due to brands using “blocklist” technology to prevent their adverts appearing next to stories about the coronavirus outbreak.
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