Staff at Russian Tycoon Lebedev’s London Evening Standard Demand Pay Cut for Bosses
- 200-year-old paper’s journalists are in talks over job cuts
- Free newspaper said in May it would end its daily edition
Copies of the London Evening Standard newspaper in London.
Photographer: Jack Taylor/Getty ImagesJournalists at the London Evening Standard have asked senior managers to take a pay cut as bosses prepare to eliminate jobs and stop printing the nearly 200-year-old title’s daily newspaper.
Staff, who are going through a consultation process that puts more than 80 editorial roles at risk, asked managers to take a 20% pay cut for the next few months to help save money, according to a summary of a Tuesday meeting that was seen by Bloomberg. Those managers include Editor in Chief Dylan Jones, according to people familiar with the journalists’ demands. Interim Chairman and Chief Executive Officer Paul Kanareck already took a previously undisclosed pay cut in May after the plans were announced, one of the people said.