Publishing group PCM, which owns the Volkskrant, NRC and Trouw newspapers is being forced to make cuts because of the collapse of the newspaper advertising market, the Telegraaf reports.

The paper says the company needs to save tens of millions of euros and that compulsory redundancies cannot be ruled out.
Meanwhile PCM chief Bert Groenewegen refused to comment on rumours that the publishing concern is in talks with Van Thillo, the Belgian newspaper group which owns the Amsterdam paper Parool.