“Daily Mirror CEO’s Salary Skyrockets Amidst Backlash Over Layoffs”
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The head of the company that owns the Daily Mirror, Jim Mullen, saw his earnings increase to £1.25 million last year, with a significant portion coming from a bonus. This amount was more than double his previous year's income, despite staff expressing discontent due to recent job cuts at Reach, the company behind the newspaper. The boss's bonus of £662,000 was over a thousand times higher than the £600 bonus given to around 3,300 employees. The pay rise has caused frustration among staff who are still dealing with the impact of significant job cuts at the company. Despite facing challenges in the digital age, Reach has maintained a model reliant on advertising revenue rather than subscription fees like other newspapers. Remaining employees feel pressure to produce a high volume of online articles, with their performance evaluated based on individual online metrics. This has led to low morale among staff uncertain about their job security. The National Union of Journalists is in talks with management to address a modest pay increase offer of 2%, highlighting the hard work of employees in increasing online content and generating profits for the company. Jim Mullen, who became part of Reach in 2019, has faced criticism in the past for his substantial earnings, having earned over £4 million in 2021.

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