There are unconfirmed reports that the publisher of The Herald newspaper is to ask staff to take a week’s unpaid holiday in a bid to cut costs.
Says the Press Gazette, management and editors at Newsquest, UK-wide, have already agreed to the proposal and will be asking rank and file staff to follow suit.
MediaGuardian says much the same.
But, adds Press Gazette, the move is unconfirmed, “as chief executive Paul Davidson – the only Newsquest executive allowed to talk to the press – is out of the office until [tomorrow]”.
Newsquest publishes 17 daily and more than 200 weekly paid-for newspapers. magazines and trade titles in the UK.
Recently, Newsquest’s parent company, Gannett, asked its US staff to take the unpaid leave, known as ‘furloughing’.
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