Job Cuts Prompt Walkout By Libération Employees
The 330 staff of France's emblematic but ailing leftwing daily Libération walked out yesterday in protest at a plan to axe 52 jobs.
The paper, founded in 1973 by leftwing luminaries including Jean-Paul Sartre and still the house organ of the free-thinking French left, is losing some £340,000 a month and has seen its circulation fall by nearly 10% over the past 12 months to 135,000.
Earlier this year it accepted a €20m cash injection from Edouard de Rothschild of the celebrated banking dynasty, who now owns 38.8% of its capital. Journalists suspect the job cuts are at his instigation.
The paper, founded in 1973 by leftwing luminaries including Jean-Paul Sartre and still the house organ of the free-thinking French left, is losing some £340,000 a month and has seen its circulation fall by nearly 10% over the past 12 months to 135,000.
Earlier this year it accepted a €20m cash injection from Edouard de Rothschild of the celebrated banking dynasty, who now owns 38.8% of its capital. Journalists suspect the job cuts are at his instigation.
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