Reed Business Information is seeking between 60 and 70 voluntary redundancies over the next three months to offset its increased investment in online publishing.
The redundancies will affect administrative and clerical staff in RBI’s Sutton and East Grinstead offices although no sales staff will be affected.
Consultation on the issue has already begun and RBI said it hoped the process would be completed by next spring. RBI declined to comment on the level of savings it hoped to make through the job cuts.
The company, which employs 2,000 staff, has increased its investment in online development over the last two years. It is currently recruiting 20 sales staff to work on recruitment site totaljobs, in which the publisher is investing £3 million.
Keith Jones, chief executive of RBI, stressed that the redundancies were designed to facilitate investment in both magazine and electronic development.
“Reed Business Information has an enviable market leading position but we cannot be complacent as markets are becoming increasingly competitive,” he said. “We must increase revenues, reduce costs and invest in our future.” RBI said the long-term cost of its online strategy had been taken into consideration prior to its announcement and that there were no plans for further redundancies