Fairfax planning to axe 100 NZ jobs: report

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Fairfax is preparing to shed about 100 jobs from its New Zealand operation, according to a report in The Australian newspaper.

The news comes just days after Fairfax said its second half revenue was down by 4.5 per cent and that it did not expect market conditions to improve enough to recover the decline before the end of the financial year.

The company earlier this month announced the outsourcing of key Australian sub-editing operations, with the loss of an unspecified number of staff.

The "streamlined production processes" in the company's Australian and New Zealand publishing, printing and distribution businesses were aimed at reducing costs and "allowing reinvestment in quality journalism", the company said at the time.

The Australian said 350 jobs will be cut from the company including 250 printing and production jobs.

About 100 of the planned redundancies would be in Fairfax's New Zealand operations, indicating a further 160 or so jobs would be lost in Australia, including from its regional pre-press centres and national printing, distribution and advertising operations, The Australian said.

- NZ HERALD ONLINE