As part of a plan to reduce costs, Dutch publisher Wegener is cutting 327 jobs along with converting its seven daily newspapers to tabloid format with a standardized formula. The company said it expected the restructuring to lead to annual cost savings of 25 million euros ($31 million).

The newspapers serve the eastern and southern parts of the Netherlands with a daily circulation of more than 800,000 copies.

Source: Reuters [Through the Ifra Executive News Service]