Twelve redundancies at The Folio Society

Twelve redundancies at The Folio Society

Twelve members of staff left The Folio Society in January, the publishing house has confirmed. 

A spokesperson said the job losses came as a result of a "fundamental restructure" of the company, with The Folio Society now employing a total of 58 people. The job losses came from marketing, operating and systems but did not affect production or editorial. 

The news comes shortly after The Folio Society announced its results to the end August 2014, which showed sales fell by nearly a quarter year-on-year but that the company made a small profit (£15,053 on turnover of £14.8m), after losing n...

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