The newspaper, which is privately-owned by the Hirst family, saw its average daily circulation fall by around 12% in the latest ABCs (six months to December 2012) to just over 12,000 copies.
In return for what was effectively a pay cut last year, the journalists were awarded with an extra week’s holiday.
A statement released by the owners Hirst Kidd and Rennie Ltd said: “Like many newspapers, we’re finding that there is no glimmer of light at the end of the recession tunnel and that advertising revenue is likely to fall again this year.
“For that reason we are now in the process of consulting staff in order to extend the reduction in pay introduced last year.”
Stories in today’s paper include a ‘report on the residents who are close to winning the fight to keep developers off a little green oasis in Chadderton, details for the new Hotel Future plan in Oldham town centre and an interview with Latics boss Lee Johnson about future targets’.
Readers can download digital editions of the title on their tablets and mobiles.