Job losses at Reach another example of economic impact of Covid-19, says Unite
- Tuesday 7 July 2020
The loss of 550 jobs at newspaper giant Reach is the latest example of the economic downturn caused by the coronavirus pandemic, Unite, Britain and Ireland’s largest union, said today (Tuesday 7 July).
Reach, the owner of the Daily Mirror and the Daily Express, said it is cutting 12 per cent of its workforce as revenues slumped by nearly 30 per cent in the quarter to June.
Unite national officer for the media industry Louisa Bull said: “This is just another example of a company that was financially sound before the pandemic being impacted drastically over the last three months.
“Reach is now taking steps to realign the business to safeguard as many jobs as possible. We will be working with Reach during this process and supporting our members in the commercial areas on both the national and regional titles.
“The newspaper sector has been in decline for some time and the tensions between print and digital have only been exacerbated at this time.
“Reach has also confirmed that our members working in the print sites are not impacted by today's announcement.”
Notes to editors:
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Unite is Britain and Ireland’s largest union with members working across all sectors of the economy. The general secretary is Len McCluskey.