Feb 11, 2013

Germans don’t bring cash to ACP staff

New managers, same pay: staff at Bauer (nee ACP) are fuming their salaries remain in the deep freeze while the German group tries to get the magazine empire on more stable footing.

Matthew Knott

Former Crikey media reporter

This hurts. Long-suffering staff at ACP Magazines might have thought German group Bauer would sweep a new broom through the place, but it’s the same old cost cutting.

CEO Matthew Stanton had to deliver the bad news in an internal memo this morning that pay rises are still in the deep freeze:

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