Fairfax Media is closing the print edition of BRW magazine after 32 years, as the company continues to shrink its workforce amid a major overhaul of its print operations.

The last issue of the weekly business magazine will be published on November 28, Fairfax's director of business media Sean Aylmer has told staff.

Mr Aylmer told staff they would be eligible for voluntary redundancies as part of a broader reduction of 25 jobs in the business media unit announced last week.

The company, which also publishes The Sydney Morning Herald, The Age and The Financial Review, plans to continue the BRW brand online.

Unlike content on the websites of Fairfax's major mastheads, which is behind a paywall, BRW journalism will be freely available online, Mr Aylmer says.

BRW was launched in 1981 and publishes an annual "rich list" of Australia's wealthiest people.

Last year, Fairfax announced a major three-year restructure dubbed "Fairfax of the Future" that includes plans to cut 1,800 staff and close printing facilities in Sydney and Melbourne by June next year.