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Article: Journal Sentinel Inc. Reduces Workforce.
- Article from:
- Business Wire
- Article date:
- August 4, 2009
CopyrightCOPYRIGHT 2009 Business Wire. 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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MILWAUKEE -- Journal Sentinel Inc. announced today that it will reduce its workforce by 92 employees, or 6.2% of its total workforce. These reductions include 37 voluntary buy-out offers that were accepted in the Journal Sentinel newsroom. Most of the employees affected by the voluntary and involuntary separations are expected to leave the company in August. Journal Sentinel Inc. is a Journal Communications, Inc. (NYSE:JRN) company.
"The advertising recession continues to affect our business," said Steven J. Smith, Chairman and Chief Executive Officer of Journal Communications. "While these changes are difficult, we must be diligent about reducing our expense ...