Trinity Mirror rules out more job cuts

By Rupert Neate Published: 7:00AM GMT 05 March 2010

Trinity Mirror

Ms Bailey pronounced the association has no plans for any serve pursuit waste on tip of the 1,700 cut last year.

She pronounced the association has emerged "fitter and leaner" after slicing �67.9m of costs, �40m of that were structural. Trinity plans to save a serve �20m this year, but Ms Bailey pronounced these cuts would be completed but pursuit cuts or shutting any titles on tip of the thirty sealed last year.

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"We are sensitively pleased," she said. "We are rising from the downturn leaner and fitter.

"We comprehensive hold there"s a destiny in informal media. The plea is to go on to grow the audience. Our vital idea is to set up a internal media association of scale."

She pronounced the company"s squeeze of Guardian Media Group"s informal newspapers, together with The Manchester Evening News, for �7.4m in money was a "fantastic merger for us, and good for the shareholders." She refused to criticism about destiny merger plans, but pronounced "further industry converging is desirable".

Trinity, that expects the alleviation in promotion sales to go on in 2010, swung behind in to the black with a �42m pre-tax profit, compared to a �73.5m loss in 2008, notwithstanding a 12pc tumble in income to �763m. The shares jumped 9.8 to 155.8p.