Gannett plans to furlough employees for a week

by thoughtfulconservative

From the New York Times

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.

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One Comment to “Gannett plans to furlough employees for a week”

  1. Sam Zell refused to accept that the internet had changed competition. Now readers can get more news faster and cheaper on the web – and Tribune Corporation has simply ignored the shift. Lowering paper cost will not save the Chicago Tribune and LA Times. It will take a new leader, and a new strategy. Likewise, making employees work for free is no solution for the market shifts making USAToday and Gannett less viable. Read more at http://www.ThePhoenixPrinciple.com

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