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January 14, 2013

Johnston Press defers pay reviews citing ‘challenging conditions’

By Press Gazette

Johnston Press has staff that will have to wait another six months until the company carries out any pay reviews.

The reviews were due to be carried out this month but Johnston has now announced they will not take place until July.

In a statement the company’s chief executive Ashley Highfield said:

Johnston Press have announced that due to the underlying weakness of the economy continuing to create challenging conditions and trading being very difficult in the second half of the year, all 2013 salary reviews are being deferred for a further six months.

All publishing units and departments have done incredibly well in terms of overall performance taking steps to mitigate the potential shortfalls and whilst the economy remains unpredictable, continued cost control will be vital in 2013.

The pay deferral applies to all Johnston Press Companies and Group Employees in the UK, and the Isle of Man.

Provided business performance is robust for the first six months of 2013, there will be pay reviews starting in July 2013

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The company remains confident that the ambitious initiatives introduced in 2012 will bear fruit in 2013.

 

 

 

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