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More than 430 casual workers at the Express and Star face an uncertain future after the newspapers’ owner Richard Desmond agreed to sell them to Trinity Mirror in a deal due to cost £200m.
lt is the biggest sale of a Fleet Street newspaper in more than a decade and comes at a challenging time for publishers, especially in the popular and regional segments in which Trinity Mirror operates.
Trinity Mirror chief executive Simon Fox promised shareholders £20m of cost cuts by 2020, with “a significant amount of these savings” delivered in the first year following the takeover.
According to Express Newspapers documents seen by the Telegraph, the majority of journalists working on the titles are not employees.
At the end of October the Express and Star had 307 staff journalists and 234 casuals who had worked there for more than two years. They could have some redundancy rights if Trinity Mirror aims to cut them before the end of their contracts, but a further 198 casuals had been with the publisher less than two years.
Mr Fox, who sealed the deal after three years of tense on-off negotiation with Mr Desmond, confirmed editorial costs would be targeted but refused to discuss his plans in detail.