The Guardian Media Group (GMG) has announced a pay freeze for 2009 that will be felt across it’s the entire group including its GMG Radio arm.
GMG, speaking to Media Week, said that bonuses based on financial performance will also be scrapped for the year. A spokesman for GMG said: "It is important that our businesses take prudent, responsible steps to adapt to the current climate and prepare for what is widely expected to be a very difficult 2009. These steps are designed to protect those businesses for the long term and to minimise any impact on people's jobs."
