Up to 18 jobs are to go at SCMP.com, the Internet publishing arm of the South China Morning Post (Holdings), following a restructuring of the group announced yesterday. The company blamed market conditions for the losses, which follow a decision not to press ahead with sites focusing on Chinese finance and technology. It said that while SCMP.com was on target with its revenue projections, the fast pace of the Internet market meant it had to make changes now. As part of the restructuring, SCMP's online operations will become more integrated with its print business. SCMP.com chief executive Kuok Koon Seng said: 'This difficult decision was taken after a thorough review of SCMP.com's future plans to launch additional sites. It has been necessary to adopt a prudent response to the change in market conditions. 'We retain a strong commitment to develop technology that will enable the group's core businesses to leverage growth through the Internet.' The recent volatility in the technology sector has affected many companies in Hong Kong and the United States, prompting some to put their initial public offerings on hold, while other businesses have delayed their expansion plans.