Large number of job losses at The National

Large number of job losses at The National
Published: 18 April 2017 - 4 a.m.

Abu Dhabi-based newspaper, The National, has reportedly cut a large number of jobs, following a recent change of management.

According to Arabian Business, the Media Network tweeted about a "huge shake-up" at the newspaper, without giving specific details about the number of jobs axed although about a quarter of staff are thought to have been affected.

The reported job cuts comes about five months after state-owned Abu Dhabi Media Company (ADM) sold the English-language newspaper to International Media Investments (IMI), a subsidiary of private investment firm Abu Dhabi Media Investment Corporation (ADMIC).

It is understood that staff received their new contracts on Sunday. Those that were not going to be hired by the new company will have jobs until June 30, when the ADM contracts expire.

Staff must work a six-month probation period at the new company while sources suggest some salaries were cut for people who will be doing the same job that they did for ADM.

ADMIC was set up in 2010 as a special purpose vehicle for a partnership with broadcaster BSkyB to launch the Sky News Arabia channel from Abu Dhabi. It is owned by Sheikh Mansour bin Zayed Al Nahyan, the UAE’s deputy prime minister.

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