Guardian Newspapers to cut 35 more jobs
LONDON - Guardian Newspapers, publisher of The Guardian, The Observer and the Guardian Unlimited websites, has announced 35 redundancies across the group, as advertising income for the year is set to fall short of expectations by £30m.
The job cuts, which are to be made by April, are part of a cost-cutting programme the group has undertaken since the advertising industry nose-dived as a result of the September 11 terrorist attacks on the US.
The commercial department at the newspaper group will lose 24 staff, Guardian Unlimited will lose six jobs, none of which are editorial, while The Observer will lose five from its editorial team.
The job losses announced today are in addition to a three-year voluntary redundancy and retirement programme aimed at reducing the Guardian newspaper's editorial and support staff by 30.
The company said that as part of the voluntary redundancy and retirement programme, it will seek to lose 10 staff by the end of March.
Managing director Carolyn McCall said: "Since April 2001, Guardian Newspapers has been reviewing all elements of its cost base to make considerable savings. Along with general cost reductions across the company, we have introduced a non-automatic headcount replacement policy."
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