T&F confirms 'around 200' staff took up voluntary redundancy offer

Taylor and Francis has confirmed “around 200” staff took up a recent voluntary redundancy offer.

A spokesperson for the publisher told The Bookseller: “Around 200 colleagues took up a recent voluntary redundancy offer, provided to a small number of functions, as part of focusing our business and investment on areas of future growth. That process has now concluded and we will be entering 2024 with confirmed team structures and strategies.”

The Bookseller reported in September that the publisher was looking to remove around 200 roles from the business, and that there would be changes to F1000, Marketing, Product & Technology and Support Teams. T&F said at the time that Commercial, Operations, Researcher Services and Advanced Learning would not be affected.

It previously warned that if there weren’t enough voluntary redundancies to reduce the publisher’s cost base it would propose compulsory redundancy. This appears to have been avoided as enough staff took up voluntary redundancy.

T&F currently has 2,695 staff. The Bookseller has contacted the NUJ Union for comment.

In July Annie Callanan stepped down as chief executive after six years in the role. The publisher’s parent company Informa reported revenue growth of 53% in the first half of 2023 to £1.5m, while pre-tax profits more than doubled to £413m from £204m. Adjusted operating profit was up 103% to £413.5m.

T&F itself saw revenue growth of 8.3% from £261.6m in 2022 to £283.4m in 2023, and its adjusted operating profits increased 3.1% from £84.5m to £87.1m.

In August The Bookseller reported more than 300 T&F staff had attended chapel meetings due to concerns over pay, workloads and their future in the company.