The Sacramento Bee
reports that it is offering voluntary buyouts to 55 percent of its full-time employees — including 200 of its 240 full-time news staffers — as an advertising slump continues. The Bee has made limited buyout offers before, but this marked its first-ever broad-based buyouts. The buyouts came two months after The Bee eliminated 86 jobs as part of an across-the-board layoff ordered by its parent, The McClatchy Co. of Sacramento. A companywide wage freeze was imposed by McClatchy two weeks ago. In July, The Bee unveiled a smaller print format, another way to save money. McClatchy stock, already off 85 percent in the past year, closed Monday at $3.54, down 4 cents.
SacBee offers buyouts to most employees
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.