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UPDATE: Guardian to cut 100 jobs; GNM running at £100,000-a-day loss

November 12th, 2009Posted by in Editors' pick, Job losses, Newspapers

Following news that the Observer is to cut sections and drop monthly supplements, there were reports yesterday of more than 100 job cuts at owners Guardian News & Media.

The cuts will be made to offset losses as GNM is currently running at a loss of £100,000 a day, according to Brand Republic, and were announced following a strategic review of the group’s papers.

A voluntary redundancy scheme has been introduced and cuts will affect staff across commerical and editorial departments.

The Guardian’s print technology supplement, published on a Thursday, will also be cut and moved online-only, as part of the changes.

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