'Guardian' group to cut further 35 jobs
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Your support makes all the difference.The owner of The Guardian and The Observer announced 35 redundancies to be made across the group.
Guardian Newspapers (GNL) will cut commercial and editorial posts, including five journalists from The Observer, six staff from Guardian Unlimited and 24 jobs from its commercial departments.
The severe downturn in advertising has been blamed for the job losses. Carolyn McCall, managing director of GNL, said advertising income for the financial year would not reach its expected target, creating a shortfall of £30m because of the industry-wide slump.
Ms McCall said that even though The Guardian and The Observer circulations had improved, rising substantially since 11 September, the aftermath of the atrocities had hastened a downturn in advertising that had "seriously affected the company's revenue".
Ms McCall confirmed a previous announcement of 10 job losses from The Guardian's editorial team, including support staff, by April 2002. However, these losses would be made as far as possible through voluntary redundancies, early retirement and not replacing departed staff.
Compulsory redundancies would only be made as a desperate last measure, Ms McCall said. "GNL is taking a long-term view to see it through this difficult economic period ... Our overwhelming priority is the long-term success of GNL," she said.
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