Mobile
Monday, October 19, 2009
Boomer with Attitude / News Observer offers buyouts to "most newsroom staffers"
Posted By John Grooms on Mon, Oct 19, 2009 at 5:43 PM
The Business Journal reports that The Charlotte Observer offered a voluntary “buyout” program to many of its employees this morning. The new cuts come on top of previous fairly severe cuts in staff. The new buyouts will, according to the BizJournal story by Erik Spanberg, include “most newsroom staffers.”
This development doesn’t mean there’s a new round of layoffs, but it does indicate that the daily paper is still losing money hand over fist and is looking for volunteers to bite the bullet. If that doesn’t happen, publisher Ann Caulkins told Spanberg, the paper will “look at cost-cutting measures that are non-people-related.” Read the full story here.
Speaking of...
Latest in The CLog
More by John Grooms
-
Bank errors continue to cause wrongful foreclosures
Charlotte's Bank of America is all mixed up in this mess.
-
Question the Queen City: The story of Nellie Freeman, aka 'Razor Girl' 2
She decapitated her husband, was declared innocent, and never hurt another soul.
-
5 Reasons To Buy Home Insurance Policy
