Hitting A Pay Wall

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Offices of The Irish Times on Tara Street, Dublin 2

The Irish Times is reporting online that it has announced a three-month pay cut of up to 30 per cent for higher-paid managers and editors.

Laura Slattery reports:

Other salaries will be maintained with the support of the Government subsidy scheme, the company told staff on Thursday.

Reduced working hours may be required in some cases, and a recruitment freeze has been introduced across the organisation.

Executive and non-executive directors of the Irish Times DAC and the Irish Times Trust have waived their fees for six months, while the chairmen of the company and the trust have waived their salaries for this period.

The company will also target a range of non-payroll costs.

Irish Times cuts senior manager and editor pay by up to 30% (Laura Slattery, The Irish Times)

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