Women’s Health Australia and Men’s Health Australia magazines have knowledgeable their workers the publications will shutdown.
It is the most recent in a collection of job cuts hitting the media and tech industries as firms confront a looming financial disaster.
NCA NewsWire understands each Women’s Health and Men’s Health magazines — owned by Sydney-based B-2-B publishing home Paragon Media — are resulting from be shutdown.
A supply advised NCA NewsWire workers on the two main life-style mastheads have been shocked when the news was damaged to them on Monday morning.
It is known that all the workers of 20 can be impacted.
The group have been provided their depart entitlements, with most workers receiving simply two week’s discover.
It is a serious blow for workers after Paragon Media bought the 2 life-style manufacturers in December 2020 promising to “recharge the iconic brands”.
Former editors, Jacqui Mooney and Scott Henderson returned to the publication after the magazines have been worn out with six different magazines owned by Bauer Media Australia throughout the COVID-19 pandemic.
Harper’s BAZAAR, ELLE, InStyle, Men’s Health, Women’s Health, Good Health, NW and OK! have been all shutdown in July 2020.
NCA NewsWire has contacted Paragon Media for remark.
Source: www.perthnow.com.au
