From the memo:
Approximately 1400 employees will be impacted by the job reductions across the division. Your publisher or general manager will communicate the local plans, and we expect the vast majority of the reductions will take place by July 9. In a select few cases, the implementation may take longer. There will not be any furloughs for the rest of the year.Read the complete Dickey memo here.
I want to stress that the job reductions are not a reflection on these employees or their work. We truly value their many contributions and thank them for their efforts over the years.
Unfortunately, we must take these steps because the advertising environment remains challenged. There have been some promising signs of a recovery, but the reality is the improvements are not broad-based and the economy continues to be fragile.
Even so, we know the economy will improve. To be ready, we need to continue our transformation and maintain a strong financial position. We must publish our newspapers, produce our Web sites and pay down our debt. By taking all these steps today, we will be stronger tomorrow.
5 comments:
LANG got hit too: All take 5 days off, either vacation or furlough or both, whatever you have mix and match plus they still won't accumulate any vacation time. So in essence, they are loosing 40 hrs. vacation/no pay and not getting any more vacation time for the second quarter in a row.
What a shock...a LANG newspaper doing something bad to employees...wow.
Wow, this really sucks, especially for someone trying to get into the field of journalism…not to mention the 1,000 people or more that are losing their jobs. :(
save yourself. do NOT become a journalist.
i wish if they could come out with some alternative plans to save their employees
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