Guardian Newspapers is to shed 35 staff by March as the downturn in advertising revenue takes its toll, it was announced today
The company will be seeking voluntary redundancies and the bulk of the losses - 24 - will be from commercial departments.
The remainder will be from the website Guardian Unlimited and the editorial department of the Observer.
Ms Carolyn McCall, managing director of Guardian Newspapers Ltd, said despite the company's strong performance compared to competitors ``the severe advertising downturn, accelerated by the events of September 11th, has seriously affected the company's revenue''.
The company expects to be STG£30 million down in advertising against its plan for the current financial year.
GNL is already looking to reduce staff by a further ten by April as part of an ongoing voluntary redundancy and early retirement scheme.
PA