Home World Business Fairfax Media outlines $30 million in cost savings, including staff cuts

Fairfax Media outlines $30 million in cost savings, including staff cuts

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Fairfax Media will cut 115 full-time roles, reduce its casual workforce, review third-party content deals and cap contributor costs in order to pull $30 million of savings out of the business.

The publisher will open a voluntary redundancy round seeking to cut 125 full-time equivalent positions – 10 full-time positions have already left the business in the past month.

Fairfax Media has announced several editorial changes. Fairfax Media has announced several editorial changes. 

Following redundancies, Fairfax expects there will be fewer editorial management, video, presentation and section-writer roles.

Fairfax editorial director Sean Aylmer said in a note to staff that working groups and discussions with staff before Wednesday’s announcement provided some original and creative ways to save costs.

“One outcome of the consultation process is that we have changed the top-level management structure,” he said.

New or substantially changed roles will include: the creation of a news director, reduction in state-based topics, AM and PM editors replaced by news editors, refocus on the digital editor role, creation of a national creative director, national head of video and new head of travel and food.

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