HarperCollins to cut North American workforce by 5% by end of June [Globe and Mail, The (Toronto, Canada)]
News Corporation - Class B (NWS)
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Source: Globe and Mail, The
HarperCollins Publishers plans to cut its workforce by 5 per cent in the U.S. and Canada by the end of June, citing increased costs and lower sales in a statement released Tuesday. The announcement comes the day before HarperCollins and the union representing some 250 striking employees are to meet with a federal mediator, the first negotiations since the strike began more than two months ago. HarperCollins cited similar issues in laying off a “small number” of staff members last fall. A new round of layoffs has already started, although the company expects reductions to come through a combination of layoffs and positions left unfilled. “As noted last October, HarperCollins continues to experience unprecedented supply chain and inflationary pressures resulting from the pandemic, including increased paper, manufacturing, labor, and distribution costs,” according to the company's statement. “Coupled with declining sales over the last few quarters, these issues have resulted in us
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