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Sun, 21 Mar 2010 | 12:06 GMT
Sun, Mar 21, 2010, 12:06 GMT
 

Jobs, titles cut at publisher

7Days
 
 
26 February 2009
The largest publishing company in the Middle East, Dubai-based ITPITPLoading... Group, has let 60 staff members go and closed or suspended an additional eight magazines. An ITPITPLoading... spokesperson told 7DAYS that ten per cent of the publishing house's staff have lost their jobs as a result of the move to close or suspend publishing some titles. "As a result of the move, some 60 positions at the company will be directly impacted with immediate effect," he said.

"ITPITPLoading... deeply regrets the necessity of this move, which reflects the realities of the Middle East market in the current global climate."

Retail News Middle East, Meeting Industry Middle East (MIME), Commercial Outdoor Design, Security, Fire and Safety, Air Cargo Middle East, Developer Middle East, Arabian Property and Kohl are the titles ITPITPLoading... has suspended or closed, the spokesman said. "Combined, these magazines represented significantly less than five per cent of ITPITPLoading... Group Revenues last year," he added. Media reports yesterday said that layoffs at the publisher had also affected staffing on the Harpers Bazaar and Emirates Home magazine titles.

Earlier this week, it was reported that ITPITPLoading... had also closed Viva Girl and Airport Middle East, while in December it was reported the publishing house had closed Education Times, Dentist Middle East and Medical Times. Media companies in Dubai and the Gulf have suffered losses as advertising revenue shrinks in the global economic downturn. Earlier this week, all the DJs at Coast FM were laid off after struggling with transmission problems and the global slump in media advertising revenue.

© 7Days 2009

 
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