Mirror publisher Reach to axe 200 jobs as it slashes costs

Daily Mirror and Daily Express publisher Reach is to axe 200 jobs as part of major cost-cutting following a slump in advertising revenue. The company told staff that it is cutting further roles across all parts of the business as it seeks to secure £30m in cost savings this year. The publisher saw hundreds of journalists take part in strike action in August during a dispute over pay until workers accepted an improved deal. Reach said print advertising tumbled by more than a fifth while digital revenues dropped by 5.9 per cent over the three months to 25 December.