Newspaper cuts costs by sacking 70
The Chinese-language newspaper, Express News, which was relaunched last year, has laid off 70 employees in a 'cost-control' exercise.
Sources said the dismissals, which started about two weeks ago and ended yesterday, saw 70 staff members from all departments sacked.
More than 20 staff dismissed were from the editorial department.
The move is believed to be partly related to the paper's failure to generate profits since it was relaunched in late 1996.
A source said: 'It's just a cost-control exercise.
'There has been over-expansion. All the employees laid off will be compensated in accordance with the law.' While the management has been trying to reassure staff that the paper will not be folded, some employees have expressed concerns about its future.
Express News was shut in December 1995 during the newspaper price war. It re-emerged less than a year later after the price war ended and when newsprint prices began to fall.