The Independent to become seven day operation with job cuts expected
The Independent is to become a seven day operation under editor Chris Blackhurst. The restructure means that Independent on Sunday editor, John Mullins, will leave the company and there are unconfirmed reports that there will also be as many as 20 job cuts. The jobs cuts have not been confirmed and the Independent says it will be consulting staff and says it wants to minimise any compulsory redundancies.
The changes were announced today in a memo to staff. The restructure will also see the Independent and the Evening Standard, both of which are owned by Alexander Lebedev, share a newsroom that will include a TV studio. See the full memo to staff below.
Lebedev purchased The Independent and the Independent on Sunday for £1 two-and-a-half years ago.
The titles – which are registered in the name of Lebedev’s son Evgeny – are forecast to make losses of around £14m in the forthcoming year. The size of the loss has been reduced due to recent cost-cutting and improved management of the titles.