Trinity Mirror suspends graduate recruitment scheme

Following a profit warning and collapse in share price the Trinity Mirror Group has announced that it is freezing its graduate training scheme and will not be taking on two new recruits this October as originally planned.

The newspaper group said last week that profits would be down ten per cent on earlier predictions, precipitating a fall in its share price of 28 per cent.

This has led Trinity Mirror chief executive Sly Bailey to halt the Mirror graduate training scheme as part of a general recruitment freeze.

Shortlist interviews for the two October vacancies were due to take place this week but the Guardian reports that John Honeywell, the scheme's director, wrote to the candidates to inform them the autumn 2008 intake would now not go ahead.

A Trinity Mirror spokesman told the paper: "In the current economic climate we must ensure our cost base is as variable as possible.

"For that reason, we have put in place a recruitment freeze which will remain in place for the foreseeable future."

Graduates on the scheme earn in the region of £18,500 and work at several of the group's papers including the Irish Daily Mirror in Belfast and Dublin and in the group's headquarters at Canary Wharf in London.

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