Job cuts to go ahead

STRIKING journalists say Fairfax Media management are picking up million-dollar bonuses and potentially cashing in share options while slashing 125 editorial jobs.

Staff yesterday picketed outside The Age in Melbourne and a Sydney hotel where Fairfax chief executive Greg Hywood laid out his vision for the company, vowing to continue with the cuts.

He promised to keep the newspapers going even as the newsroom staffers continued their seven-day strike over $30 million in job cuts at The Sydney Morning Herald, The Age and The Australian Financial Review.