Fairfax Media says 13 sub-editing jobs are being axed in its Financial Review Group, which includes the flagship Australian Financial Review plus several business magazines.
The Sydney-based roles are being outsourced to the Australian media company's New Zealand operation, whose properties include Stuff, The Dominion Post, Christchurch Press, Waikato Times, Sunday Star Times, various magazines and several subbing, layout and writing "hubs" that span multiple titles.
In June last year, Fairfax confirmed plans to shift 65 sub-editing jobs for its Australian regional newspapers to its New Zealand "sub-hub".
The move sparked wildcat strikes. Journalists and sub-editors on this side of the Tasman have a lower rate of union membership.
In a statement, Fairfax said: “FRG, like every media business in the world that is committed to its future, is changing and improving the way it delivers journalism and services.
"Its cost base is being reshaped to match the business and it is changing the way it delivers its journalism and services to better meet the needs and expectations of its readers.
"The proposed copy sub-editing arrangements would assist in the streamlining of the business and deliver significant cost efficiencies while ensuring the masthead, magazine titles and digital platforms remain high quality news sources of choice for FRG’s loyal readers.”
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Business confidence slips in February
- Employers back PM's comments on drugs stopping young people from getting jobs
- MARKET CLOSE: NZ shares gain with Metlifecare, Chorus; NZ Refining, Genesis, Intueri fall
- Spark-Netflix deal could backfire: lawyer
- Bill English: Drug abuse preventing young Kiwis from working
Most listened to
- AWF Madison chief executive Simon Bennett says young Kiwis not being able to pass a drug test is “reasonably significant.”
- Scales boss Andy Bowland explains why the board lifted annual guidance again
- Join OMF's Phillip Lindberg and NBR's Andrew Patterson for Currency Talk
- Otago University Professor Andrew Geddis on how election campaigns will change
- Hamilton Hindin Greene's Jeremy Sullivan on why Spark did a deal with Netflix