With yesterdays announcement of a twelve percent drop in cash flow for the Tribune Company, the company will announce buyouts at most properties on Monday April 23rd, 2007.
The Grapevine at the Los Angeles Times claims 110 employees will be leaving the Times to meet the needed cutbacks, with the editorial department hit the hardest. Most workers in the pressroom are wondering how many will be departing the operations departments in this latest downsizing frenzy; rumor has it the pressroom supervisors will be targeted.
Our Canadian neighbors (Transcontinental) has opened a sales office in the United States after announcing in November that they would be printing the San Francisco Chronicle, outsourcing all operation departments and employees at that newspaper.
Are Tribune newspapers next to bring in Transcontinental? I’m certain Transcontinental is knocking on our door.
With equipment failures in the pressrooms at the Los Angeles Times reaching all time high’s, it makes one wonder how many years, or months, we will be employed at the newspaper.
This latest round of buyouts could prove to be ugly for the remaining employees at the newspaper.
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