Fairfax Media saves 20 jobs, to cut 100 jobs and offer redundancies to news, business staff

Fairfax Media has saved 20 full-time jobs as it looks to reduce costs across its editorial departments in Sydney and Melbourne, reducing a proposal to axe 120 jobs down to 100.

In March, Fairfax staff were informed of a cost reduction plan which saw the newspaper publisher say it would be cutting the “equivalent of 120 full-time jobs” from news and business across newspapers The Sydney Morning Herald and The Age.

The company has now completed the consultation period for the proposal to cut the positions, revealing it has managed to identify “non-staff savings which amount to the equivalent of 20 full-time jobs”.

In an email from Sean Aylmer, Fairfax Media’s editorial director, staff were told: “As flagged in my announcement to staff on 17 March 2016, we have been reviewing non-staff costs at the same time as consulting on redundancies.