Abu Dhabi's 'The National' cuts 25 percent of staff under new owner
The new owner, a subsidiary of Abu Dhabi Media Investment Corporation, will move 'The National' to its new headquarters in twoFour54 starting from July 1, 2017. (Facebook)
Click here to add Abu Dhabi Media Company as an alert
Disable alert for Abu Dhabi Media Company,
Click here to add Abu Dhabi Media Investment Corporation as an alert
Disable alert for Abu Dhabi Media Investment ...,
Click here to add British Sky Broadcasting as an alert
Disable alert for British Sky Broadcasting,
Click here to add International Media International as an alert
Disable alert for International Media Intern ...,
Click here to add International Media Investments as an alert
Disable alert for International Media Invest ...,
Click here to add Mansour bin Zayed as an alert
Disable alert for Mansour bin Zayed,
Click here to add National S as an alert
Disable alert for National S,
Click here to add Northwestern University as an alert
Disable alert for Northwestern University,
Click here to add Sky News Arabia as an alert
Disable alert for Sky News Arabia,
Click here to add TwoFour54 as an alert
Disable alert for TwoFour54
Abu Dhabi-based newspaper The National has cut several jobs as part of a reorganisation under its new owner.
The state-owned daily was sold by the Abu Dhabi Media Company to International Media Investments (IMI), a subsidiary of private investment firm Abu Dhabi Media Investment Corporation (ADMIC).
IMI did not confirm the number of job losses, but sources claimed at least 20 to 25 percent of the existing staff have been asked to leave.
A spokesperson for IMI said: “On November 2016, International Media International (IMI) announced the acquisition of The National. The transition will be completed mid-2017.
“As part of this transition, over the past few months, IMI has finalised its new vision for The National, supported by a robust editorial strategy to ensure that The National fulfills its potential as a premier English language source of news about and for the Middle East.
“It is embarking on a digital transformation, while retaining its print product. As part of this transformation, The National is putting together its team, made of existing and new talent. IMI prioritised The National‘s existing staff as it seeks to hire for additional newsroom needs.”
According to sources, all the employees were asked to reapply for their positions – and some of the staff were offered the same job role for a lower salary.
Those leaving will retain their contracts until June 30.
The newspaper will begin operations from its new headquarters, in twoFour54, on July 1, 2017.
ADMIC was set up as a private investment company in 2010 along with British Sky Broadcasting (BSkyB), to launch the Sky News Arabia news channel. ADMIC is owned by Sheikh Mansour bin Zayed.
© Motivate Publishing. All rights reserved.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?
- Al Hilal inaugurated in Abu Dhabi - Fresh thinking inspires “Financial Mall”, innovative products and cutting-edge service
- GCC Investment Strategy and Sectors Outlook for 2006
- 2.5 Million Dirham Diamonds and Haute Couture Flowers In Demand At The Bride Show Abu Dhabi - Luxury goods still top of agenda for UAE capital’s brid
- 2.5 Million Dirham Diamonds and Haute Couture Flowers In Demand At The Bride Show Abu Dhabi
- national bank of abu dhabi announces luup m-payments roll out plan