Possibility of more redundancies at the Guardian; GNM losing £100,000 a day
September 16th, 2009Posted by Judith Townend in Editors' pick, Job losses, Jobs, Newspapers
Fifty editorial jobs needed to be cut at Guardian News&Media as part of an attempt to reduce costs by £10 million, it was announced in May this year. Now it looks like there could be more jobs at risk, as the managing director of Guardian News & Media, Tim Brooks, told staff in a memo posted on the Guardian’s intranet.
“We are looking at everything – literally everything – that we do, to see how we can economise, and we will do whatever we can to keep the impact on staff to a minimum. However, because the biggest portion of our costs is people’s salaries, we have to review staffing levels,” he said.
GNM was losing £100,000 a day – a rate that cannot be afforded by its parent company, Guardian Media Group, Brooks said.
- Guardian.co.uk: Current losses unsustainable, GNM managing director warns staff
- Telegraph.co.uk: Guardian staff told to expect redundancies
Tags: GBP, gnm, guardian, Guardian News, Guardian News&Media, Guardian.co.uk, job cuts, managing director, Telegraph.co.uk, The Guardian, tim brooks
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February 12th, 2010 at 9:21 am
[...] September, GNM managing director Tim Brooks said GNM was losing £100,000 a day and the group is seeking more than 100 job cuts across editorial and commercial [...]