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Possibility of more redundancies at the Guardian; GNM losing £100,000 a day

September 16th, 2009 | 1 Comment | Posted by 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.

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Phone hacking liveblog: Coulson and Kuttner’s evidence

Journalism.co.uk will be reporting today’s culture, media and sport select committee meeting at this post, using CoverItLive. We’ll also send out occasional updates via our event Twitter account, @journalism_live.

Background: following reports by the Guardian newspaper that there were further allegations and evidence, previously unreported, indicating that News International journalists had repeated involvement in the use of criminal methods to get stories, the House of Commons culture select committee has begun taking new evidence. Last week it heard evidence from Nick Davies, the Guardian journalist who reported the allegations, Alan Rusbridger, editor in chief of Guardian News & Media and Tim Toulmin, director of the Press Complaints Commission.

Today the committee will hear evidence from Andy Coulson, former News of the World editor (and currently director of communications for the Conservative Party), and Stuart Kuttner, former NOTW managing editor.

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