New jobs threat to IPC Media staff

Staff at the magazine publisher IPC Media are expected to bear the brunt of a redundancy programme ordered by its US-based parent, Time Warner, according to reports in America.Its publishing division, Time Inc, is seeking to cut 500 jobs from its 7,800 total in what is said to be its "last big downsizing" before it is spun off by Time Warner as a separate company later this year.Time Inc's chief executive Joe Ripp says in a memo to employees carried by Poynter) it is necessary to make "substantive and sometimes painful changes." Part of those changes involves IPC being managed by Time's executive vice president, Evelyn Webster. A former IPC chief executive, she rose through the ranks of the company after joining it as a graduate trainee in 1992. IPC has a stable of some 60 magazines, including Marie Claire, Woman's Own, NME, Horse & Hound, Country Life, InStyle and Now. It remains the biggest-selling consumer magazine publisher in the UK.In January last year, IPC cut 150 jobs, about 8% of its total staffing.Sources: New York Post/PoynterIPC MediaMagazinesTime IncTime WarnerMedia downturnMedia businessUnited StatesNMERoy Greensladetheguardian.com © 2014 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More Feeds Continue reading at 'The Guardian'

[ The Guardian | 2014-02-05 00:00:00 UTC ]
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