First Newsquest, then DMGT’s Euromoney, and now B2B publisher Incisive Media is asking staff to take one week’s unpaid leave to lighten the burden on the recession-hit, heavily indebted company, writes Independent.co.uk. Incisive’s 1,800 staff have been asked to take the week off during the Christmas break in order to lessen the need for redundancies. Incisive admitted a breach of its banking covenants in February. .
Meanwhile, as the crisis in news media continues, the casualties keep coming: London-based sports news agency Infostrada Hayters is cutting six jobs, a third of its staff, meaning it now has no reporters outside London, according to PG. The company was bought by Dutch sports statistics firm Infostrada in 2006. According to its most recent accounts held at Companies House, the company made an operating loss of £197,799 in 2007.