The Guardian to cut 250 jobs within three years 'in bid to break even'
The Guardian newspaper is planning to cut 250 jobs, including 100 from editorial, as it seeks to balance its books by 2019. The decision on whether the publisher will make compulsory redundancies will follow an eight-week consultation period.
- In an attempt to staunch heavy losses, which amounted to £58.6 million in the year to the end of March, the publisher will seek to “restructure the less profitable parts of the company in a bed to break even within three years”.
- While the 210 people employed outside the UK are not expected to be affected, the UK workforce will be cut by 18 per cent, including positions that remain unfilled – equivalent to 310 jobs.
- In total some 100 jobs are earmarked to be cut from the 725-strong editorial workforce and 150 from commercial departments, support functions such as finance and human resources and other parts of the business.
Independent staff asked to take huge pay cuts in online-only move
Independent journalists are being asked to take pay cuts of as much as half their current salaries if they transfer to the digital operation once the daily print title closes this weekend.
More than 100 journalists out of a total of 160 are expected to lose their jobs once the Independent print business is wound up following the closure of the two newspapers and sale of the i.
A spokesperson said: “Despite Johnston Press cutting back on regional and local papers it was still able to find £25m to buy the i. Company shareholders have now approved the sale and jobs are being offered to people at the Independent. The NUJ is seeking assurances that staff pay and terms will be securely protected as people take up the new jobs.”
28 25/03
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