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Article: Pittsburgh Post-Gazette Must Reach New Cost-Cutting Labor Agreements by December 31 to Rectify Serious Financial Issues, Reduce Costs.
- Article from:
- PR Newswire
- Article date:
- September 14, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PG Has Lost Nearly $23 Million Since 2003
PITTSBURGH, Sept. 14 /PRNewswire/ -- The Pittsburgh Post-Gazette announced today that it is facing serious financial issues that must be rectified by reaching new labor contracts to ensure the viability of the newspaper under its current owners.
Saddled with growing losses and existing labor contracts that fail to address economic pressures facing the Post-Gazette and the newspaper industry, the Post-Gazette is urging the unions representing more than 1,100 of its employees to agree to new contracts that would reduce costs significantly, streamline staff and change restrictive work rules to enhance efficiency ...