Guardian editor takes 10% voluntary pay cut
The Guardian’s editor-in-chief has announced that he is taking a 10% voluntary pay cut, and has asked the company to halve the annual contribution it makes to his pension.
Alan Rusbridger emailed staff to let them know that his salary for the 2012-2013 financial year would be reduced to £395,010.
Rusbridger annual pension contribution will be reduced to £75,000, meaning an overall 19% reduction in his salary and pensions package starting from April.
The Guardian and Observer, which last year lost £41.6m on an operating basis, had announced in August plans to change into a digital-first organisation.