Australia's largest publishers Fairfax media to cut 120 jobs
March 17, Sydney: One of Australia's largest publishers Fairfax media will cut the equivalent of 120 full-time jobs, media report said.
The cost-cutting measures are expected to affect journalists at The Sydney Morning Herald, The Age and Australian Financial Review.
Staff were informed of the proposed redundancies and reduced editorial budgets via an email, which was released by media website Mumbrella.
The media union described the cuts as "savage" and a "body blow".
Paul Murphy, chief executive of the Media, Entertainment and Arts Alliance said, "It's the staff on the newsroom floor who have driven the transition to digital and through all the challenges continued to produce high quality independent journalism. And this is the reward... We will be fighting for every job."
Staff at The Sydney Morning Herald and The Age in Melbourne have held stop work meetings.
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