Guardian agrees redundancy with staff today

Journalists at Guardian News and Media, publisher of the Guardian and Observer newspapers and guardian.co.uk website, have heard today whether their applications for voluntary redundancy have been accepted.
I am told the number of journalists who are to leave the paper is around 40 although the company won't confirm this figure. It says conversations are still taking place with some staff and it is still open for journalists to come forward and discuss redundancy. The company says its cost savings are "on target".
The redundancy programme was introduced to stem losses at the national newspapers and guardian.co.uk which together are said to be losing around £100,000 a day.
It is understood that a number of well known by-lines will be disappearing from the papers and website as reporters as well as production staff opt for redundancy.