Bonuses And Job Cuts At Trinity Mirror

EDM number 2713 in 2010-12, proposed by John McDonnell on 08/02/2012.
Categorised under the topics of Media and Press.

That this House condemns the proposed 75 job losses at Trinity Mirror's national newspaper titles, the Daily Mirror, Sunday Mirror and The People; notes that these cuts come at a time when the pay and pensions awards for Trinity Mirror directors last year was 3.9 million; further notes that the Chief Executive of Trinity Mirror, Sly Bailey, received a pay and pensions package of 1.7 million; understands that the share price for Trinity Mirror in February 2012 was 48p compared to 90p 12 months ago; condemns the situation where journalists face losing their jobs whilst senior directors at Trinity Mirror receive large bonuses; further notes that at the 2011 Trinity Mirror AGM, in a break from practice, attending shareholders were not able to vote by a show of hands on the floor of the meeting and that their votes were aggregated withlarge institutional investors; and calls on the Government to look at measures to ensure that shareholders at companies like Trinity Mirror are able to demonstrate their vote in a show of hands over directors' remuneration.

This motion has been signed by a total of 19 MPs.