The Gannett Company, the nation’s largest newspaper publisher, said on Wednesday that it would force thousands of its employees to take a week off without pay in an effort to avoid layoffs.
This involves about 31,000 employees.
Also on Wednesday, USA Today notified its staff of a one-year pay freeze for all employees.
Most of the readers of this blog know that
With the newspaper industry in increasingly dire financial straits, Gannett’s mandatory week off takes its place in a growing list of grave moves. Layoffs have been widespread, the newspapers in Detroit halted home delivery four days of the week, the Tribune Company filed for bankruptcy protection and owners of The Rocky Mountain News and The Seattle Post-Intelligencer warned that those papers could shut down.
Our local Milwaukee Journal Sentinel has announced a couple of “layoffs” in the recent past (announced as buyouts and early retirements) as well as a price increase for non-subscription newspapers.