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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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