
Newspaper and journal writer DC Thomson has revealed that 300 members of workers shall be made redundant.
Staff had been informed at an all-staff assembly on Wednesday that the Dundee-based firm must plug a £10m hole within the enterprise.
DC Thomson owns numerous newspapers together with The Press and Journal, The Courier, the Night Telegraph and The Sunday Put up.
The corporate additionally owns dozens of journal titles similar to The Folks’s Pal, The Beano, Bunkered and Puzzler.
Jobs shall be misplaced within the firm’s journal sector with a number of of the titles set to shut together with Dwelling, Platinum, Evergreen, Shout, Animals & You and Animal Planet.
In whole 26 titles will shut – 20 titles from Aceville in Colchester, {a magazine} writer DC Thomson acquired in 2018, and 6 Dundee primarily based titles listed.
Rebecca Miskin, chief government of DC Thomson’s media enterprise, beforehand mentioned the corporate needed to make “troublesome choices” and could be saying the closure of some “well-loved titles”.
She mentioned: “Now we have in the present day introduced important modifications to our firm, which contain the reshaping of our media portfolio and the simplification of the underlying construction.
“These strikes are important to set us as much as thrive sooner or later and to reply to the troublesome financial atmosphere we’re in.”
She added: “Sadly, we’ve additionally needed to make troublesome choices regarding these manufacturers and actions which sit exterior these development areas.
“We shall be saying the closure of some well-loved titles, in addition to the cessation of some business actions.
“It will imply dropping some valued colleagues, one thing we deeply remorse.”