NZME job cuts will save $4m, source says
The company plans to axe 38 staff from its sub-editor and production teams as it focuses more on video.
NZME cut its earning guidance in November for the 12 months ending December 31, 2024.
NZME is aiming to save $4 million in costs in the proposed restructuring of its newsrooms, NBR understands.
The NZX-listed company notified staff on Wednesday about the proposal to axe 38 editorial roles, largely affecting sub-editors and production staff across the New Zealand Herald,
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