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Tuesday, December 19, 2006

45 Take Buyouts at Union Tribune

By ROB DAVIS Voice Staff Writer

Tuesday, Dec. 19, 2006 Forty-five veteran employees of The San Diego Union-Tribune have accepted voluntary early retirement offers, as the newspaper cuts payroll costs to cope with an industry-wide trend of declining circulation.

Nineteen of the retiring employees worked in the newsroom; thirty-two newsroom employees had been eligible, said a newsroom source who requested anonymity. Sixty-seven employees were eligible company-wide.

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In return for leaving the paper, the employees receive a year-and-a-half's salary, a full year of health benefits and partial health coverage beyond that initial period.

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