Trinity Mirror has announced a recruitment freeze across all of its titles and has scrapped the August intake of its training scheme, blaming the economic climate.
In a trading update yesterday, Trinity Mirror posted a 12 per cent year-on-year decline in advertising revenue in the past three months. Shares in newspaper group plunged 28 per cent yesterday after it announced profits would be 10 per cent lower than expected.
A Trinity Mirror spokesman told Press Gazette: ‘In the current economic climate we must ensure our cost base is as variable as possible. For that reason, we have put in place a recruitment freeze which will remain in place for the foreseeable future.”
The group owns five national newspapers, including the Mirror titles, the People and the Daily Record. IT also has a regional arm of 150 newspapers and more than 200 websites.
The Daily Mirror has also withdrawn the sponsorship of two places on its graduate training scheme, which was due to start in August. The company cancelled a series of shortlist interviews due this week for two posts that were to make up the autumn intake.
The scheme has two intakes a year and candidates partake in a four-month course on a Press Association training scheme in Newcastle and then spend time working on Mirror Group Newspaper titles around the country including the Daily Mirror and the People.
The Mirror is yet to confirm whether the January intake will go ahead.
Former graduates of the Mirror training scheme include Sun defence editor Tom Newton-Dunn, former government director of communications Alastair Campbell and former 3am Girl turned author Jessica Callan.