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30/09/2009
Redundancies continue in media sector |
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Redundancies are continuing to take place in the media sector with news that the Daily Mail is axing four sub-editors from its sports department.
The job losses are the latest in a series of reductions that has seen 200 staff leave the paper's parent company since June as the effect of falling advertising revenues squeezes the firm.
It has shed 1,500 jobs overall in the past 11 months.
Such a trend is a further example of the ongoing effects of the recession, which has seen a major rise in unemployment and is expected to bring about more job losses as a lagging factor even when economic growth resumes.
Yesterday saw a further revision of the second quarter figures for gross domestic product to show the UK economy shrank by less than was thought, but still contracted by 0.6 per cent.
Those living in the capital who may believe their redundancy has not been conducted according to the correct procedures might wish to speak to employment lawyers in London.
Written by Laurence Smith
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