From the memo:
(Read the complete memo here.)
For those with 40 or more hours in their vacation bank, simply take a week of vacation. Because we are heading into the summer months when most people utilize their vacation time, this option should prove to have little or no impact on the majority of employees. For those with less than 40 hours in their vacation bank, you can do a combination of both options. An example for a full-time employee who works 40 hours per week; you have 24 hours accrued vacation, you can use your three vacation days PLUS take two unpaid furlough days to equal the total five-day requirement. For those with little or no vacation hours in their vacation bank, you will need to take unpaid furlough equaling five days. Non-exempt employees have the option of spreading their furlough days over several pay periods or they may take all of the time off within a one-week period. It is up to you, but the time must be taken by September 26. Exempt employees who do not have the equivalent of five days’ vacation in their vacation bank do not have the option of combining vacation with furlough. If you are exempt, and do not have at least one week of vacation, you must take a week of furlough. Your week of furlough must be taken at one time (all within the same week), and you cannot perform any work during that week. This requirement may not apply to some sales positions, so if you are in advertising sales, please see your manager for guidance.
LANG also plans to extend a vacation freeze instituted last April, which means employees won't be able to accrue anymore vacation time until at least the end of September.
When LANG, which is a division of Dean Singleton's MediaNews Group, first announced the vacation freeze, it encouraged employees to use their vacation days as soon as possible. Those who heeded that advice are probably regretting it.
*Update: MediaNews Group also sent out a press release today to knock down rumors that the company was considering a bankruptcy filing. The company says it is negotiating its debt with lenders, but adds that: "Proposals to the company's lenders do not include a change in control of the company, nor do they include proposals for any bankruptcy filings, as the rumors suggest."