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Article: Future to close six titles and axe 90 jobs in worldwide restructure.(Future Publishing begins restructuring)(Brief Article)
- Article from:
- Grocer
- Article date:
- March 3, 2001
CopyrightCOPYRIGHT 2001 William Reed Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Six UK titles and some 90 UK staff will be made redundant as part of a global restructuring by Future Publishing.
Worldwide, 350 jobs will be axed and 20 loss making magazines will close.
The UK magazines to fold are the recently launched Video Gamer, DCUK, WAP, Digital Camera User, Quick and Easy Windows, and Your iMac.
Two occasional titles will be suspended, Best Games Ever and PlayStation Tips.
The Bath based company says the measures "are designed to streamline the company's portfolio, reduce operating costs and debt and enhance profitability". The group has reduced its investment spend in 2001 by 5m [pounds sterling], to below ...