Unprofitable travel publisher Lonely Planet, reputedly the world’s biggest, is slashing staff numbers by 15% (up to 70 employees) and moving its digital division from Melbourne to London where owner BBC Worldwide is based. The Age reports that Chief Executive Matt Goldberg blamed “forces beyond our control” for the company’s problems… “a sluggish global economy, troubled retail, a declining print market and, significantly, a strong Australian dollar” impacting on wage costs. Lonely Planet aims to cut overall costs by 18%. It will retain Melbourne as global headquarters. Full story.
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