CMP Information has announced it is to begin redundancy consultations with staff at its Built Environment division – publisher of Building, BD and Property Week.
The new CMPi Built Environment chief executive, Adrian Barrick, briefed the division’s 400 staff this morning about the proposed changes, which he said were in response to the downturn in the construction industry.
From Press Gazette
With property sales and new construction at an all-time low and with commercial property expected to tank very shortly, being the publisher of a bunch of titles on, er, construction and commercial property isn’t a good place to be. The CMPi titles have always tried to play catch up with the market leaders and in a publishing slump that certainly isn’t a good place to be.