Times-Union of Jacksonville will lay off 60 employees
By Erina Lin, Tuesday 21 August 2007 at 22:56 :: Labor & Employment :: #446 :: rss
The Times-Union of Jacksonville, Fla., will lay off 60 workers across several departments, but not in the newsroom, according to the paper’s report today.
Publisher Carl Cannon said that the reason for the layoffs, announced on Monday, is “nearly a year of declining revenue from real estate advertising.”
Details about severance have not been disclosed. However, the company said it would provide severance packages and “employment transition services” to those affected employees.
The Times-Union reported that the labour cut would save the company about $2 to $3 million. The newspaper employs about 1,000 full-time and part-time workers and over 400 independent contractors.
"We're always looking at everything we can do to economize and do things better. We are confident that our economy will improve and the Times-Union can return to a more aggressive expansion of products and services," Cannon is quoted as saying by Editor & Publisher.
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