IT jobs are at risk at the Independent newspaper after it announced it will merge its back office services with Associated Newspapers, publisher of the Daily Mail.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Publishers Independent News and Media will move to Kensington in London for the merger. The company estimates the move will save £10m a year as part of a recently announced company restructure.
As many as 100 jobs are likely to be lost as a result of the merger, the Daily Telegraph reported. These will mainly be in IT, payroll and finance as the departments are integrated.
The Independent newspaper titles - the Independent and the Independent on Sunday - will have their own office space and will remain editorially and commercially separate. Associated Newspapers publishes the Daily Mail, the Mail on Sunday, the Evening Standard, the Metro and the London Lite.
Ivan Fallon, chief executive of Independent News and Media said, "This move will transform the prospects of the Independent titles. We will have immediate cost savings when we move offices."
Ian Hanson, operations director of Associated Newspapers, said the cost savings from a sharing of infrastructures would be beneficial to both organisations.
Credit crunch reverberates across IT industry >>