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Article: Newspaper offers employee buyouts ; Voluntary separation plans are part of the effort to reduce staff as costs jump and revenue slides.
- Article from:
- Portland Press Herald (Portland, ME)
- Article date:
- June 10, 2008
- Author:
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ELBERT AULL By ELBERT AULL Staff Writer
Portland Press Herald (Maine)
06-10-2008
Newspaper offers employee buyouts ; Voluntary separation plans are part of the effort to reduce staff as costs jump and revenue slides.
Byline: ELBERT AULL By ELBERT AULL Staff Writer
Edition: Final
Section: Business
Type: News
Newspaper executives offered buyouts to Portland Press Herald/ Maine Sunday Telegram employees Monday, part of an effort to eliminate around 35 jobs in the face of grim financial circumstances.
The voluntary separation plan extends severance packages to employees who agree to leave their jobs next month. It comes nearly two weeks after the newspaper announced it would eliminate dozens of ...