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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Trinity Mirror freezes pay for a year

Trinity Mirror has imposed a company-wide pay freeze for its 6,500 staff throughout 2012. It affects staff on all its national and regional newspapers.

The publisher explained that it had had a challenging year. Advertising forecasts don't look too bright. It also has to find £70m by June to keep its current financial covenants in place.

With inflation running at almost 5%, the freeze amounts to a pay cut.

Michelle Stanistreet, the NUJ general secretary, calls it "a kick in the teeth for its hard working staff" who "are already working overtime to get their papers out, following cuts to newsroom staff."

Sources: NUJ/HoldTheFrontPage/Journalism.co.uk

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