Torstar, owner of the Toronto Star, announced it will cut 160 jobs and charge C$21 million in an attempt to reorganise its newspaper division, the Associated Press reported Thursday.

The Toronto Star has the highest circulation in Canada.

On Thursday, Torstar said job cuts will come from "a combination of voluntary and involuntary staff reductions," expected to save the company $12 million a year, according to the AP report, posted by the International Herald Tribune.