AAP to cut up to 25 positions as demand for services reduces

Australian Associated Press (AAP) has launched a voluntary redundancy program – with between 20 and 25 positions to be cut – as the wire service contends with reduced market demand.

AAP is jointly owned by Fairfax (47%), News Corp (45%) and Seven West Media (8%) and provides a stream of breaking news and information to paying news outlets, which then syndicate the content. Demand for wire services has grown as traditional media outlets scale back their newsrooms, however AAP said the cut backs can be attributed to some media customers reducing or dropping services “while rationalising their own businesses”. 

AAP is seeking short-term cost control 

The redundancies will target news and data staff as a “necessary part of short-term cost control”, AAP said.