Independent News and Media has confirmed that it is to axe approximately 30 jobs in its editorial, publishing and commercial operations. 

A spokesperson said the majority of the redundancies will be on the editorial side - with another source indicating that 23 jobs would be lost in editorial, with a further eight going in advertising and circulation.  

Asked whether the redundancies would be voluntary or compulsory, the spokesperson said INM was now entering a 30 day consultation period in relation to the job losses, during which it will discuss that issue and the redundancy terms. 

The spokesperson said that current chief executive Michael Doorly had told staff some of the changes the company will have to undertake will be difficult.

But he added that INM has the ambition and capability to build a robust, sustainable business to 2021, when its current three year corporate strategy expires.  

The spokesperson stressed that the company will also be investing €5m in the first phase of developing a new publishing model to ramp up its digital capability - and that that in turn could lead to investment in jobs.

INM currently employs around 800 staff.

The National Union of Journalists has expressed concern that the proposed cuts will undermine the ability of staff to do their job.

NUJ Irish Secretary Séamus Dooley said the announcement "must be seen against the devastating impact of recent revelations about unacceptable behaviour at the highest level within INM and corporate shenanigans which have not served the company or its employees well.

"Staff who have worked hard over many years should not have to pay the cost of recent disastrous decisions at corporate level.

"Current management face a daunting task in seeking to restore the confidence of shareholders, readers and employees."

Mr Dooley added the NUJ said it will be "engaging with the company in a bid to avert redundancies and, at the very least, to minimise the impact of these proposals".

INM's company's half year results in August showed that revenue had fallen by 4.1% to €95m, while its profit before tax was down 22.8% to €11.5m.

The results included an exceptional charge of €1.9m for legal costs associated with the probe by the Office of the Data Protection Commissioner into an alleged data breach at the firm.

In 2017 the media group saw revenues fall by 9.4% to €293m, while profits fell by nearly 32%. 

INM chief executive, Michael Doorly, has previously indicated that the group is moving towards a subscription based model once the building blocks for such a move are put in place.

The company has seen a number of senior executives announce their departure in recent months, including chief financial officer, Ryan Preston.