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NZME job cuts will save $4m, source says

The company plans to axe 38 staff from its sub-editor and production teams as it focuses more on video.

NZME cut its earning guidance in November for the 12 months ending December 31, 2024.

NZME is aiming to save $4 million in costs in the proposed restructuring of its newsrooms, NBR understands.

The NZX-listed company notified staff on Wednesday about the proposal to axe 38 editorial roles, largely affecting sub-editors and production staff across the New Zealand Herald,

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Nicholas Pointon Fri, 24 Jan 2025
Contact the Writer: nicholas@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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NZME job cuts will save $4m, source says
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