Oct. 20 (Bloomberg) -- News Corp.’s U.K. publishing unit will cut as many as 200 jobs at the Times and the Sunday Times publications amid a hacking scandal that has shrunk the company’s business in Britain, a person with knowledge of the matter said.
As many as 100 positions will have to go at the daily Times broadsheet out of 700 employees, the person said, declining to be named because the plan has only been announced to employees yet. Another 20 full-time employees at the Sunday edition will lose their jobs along with 30 percent of part-time employees, said the person.
News International, based in London, shut down the News of the World tabloid in July after reports surfaced that reporters had hacked into the voicemail of murdered schoolgirl Milly Dowler. The business has been sued by at least 64 celebrities, politicians and other people over claims related to phone- hacking.
The job losses at the Times and the Sunday Times are part of a broader cost cutting drive across the News International division that has already impacted employees in the marketing departments as News Corp., the person said.
The cuts, which will save 15 percent of annual costs at the Times and cut 12 percent of expenses at the Sunday Times, will include reporters and editors along with production staff, the person said.
The cuts are expected to be completed within 90 days, the person said, adding that the savings will act as a buffer against rising news print prices and the impact of the current economic woes.
News International declined to comment. The Telegraph reported the job cuts earlier today.
--Editors: Simon Thiel, Anthony Aarons.
To contact the reporter on this story: Amy Thomson in London at email@example.com
To contact the editor responsible for this story: Kenneth Wong at firstname.lastname@example.org