Fairfax to shed 1900 jobs

SACKING 1900 staff and closing two metropolitan print sites will help drive $235 million in cost savings at Fairfax Media each financial year by 2015.

The company on Monday announced major changes, including reducing Melbourne's The Age and Sydney Morning Herald from broadsheet to tabloid size.

Jobs cuts will come with closing print sites in Tullamarine, Victoria and Chullora, New South Wales, as well as about 20% of all editorial staff to go.

It was the latest in a series of efforts to keep the traditional newspaper company afloat despite falling advertising revenues.

The company said it would also be erecting a pay wall around its metropolitan newspaper websites, expected later this year.

Chief executive Greg Hywood did not rule out removing printed products altogether if costs changed materially.



Will the Coffs/Clarence get its ‘Indiana Jones experience’?

Premium Content Will the Coffs/Clarence get its ‘Indiana Jones experience’?

Quest to open ‘one heck of a community asset’ to the public gathers steam

Citizen scientists helping turtles back from the brink

Premium Content Citizen scientists helping turtles back from the brink

Squad of volunteers looking for support to save the endangered Bellinger River...

Tributes flow for 'queen of the canteen'

Premium Content Tributes flow for 'queen of the canteen'

A massive hole has been left at South Grafton Primary School following the sudden...