Portland Press Herald/Main Sunday Telegram offers buyouts
By Leah McBride Mensching, Wednesday 11 June 2008 at 22:26 :: Labor & Employment :: #1774 :: rss
Employees at the Portland Press Herald/Main Sunday Telegram were offered buyouts Monday, as executives there aim to cut more than 35 jobs in the face of increased energy and newsprint costs and advertising revenue declines, the Press Herald reported Tuesday.
Staffers who agree to take the buyout next month will receive extended severance packages, based on seniority as well as compensation for unused personal and vacation time.
Union and non-union employees were offered buyouts, and have until next week to apply. Newspaper executives plan to cut 35 union jobs, and have not released the number of non-union positions they plan to eliminate, Robert Bickler, the company's president and general manager, told the Press Herald.
“Nothing's off the table, there's just a whole range of things we're looking at,” said Charles Cochrane, the newspaper's publisher, according to the Press Herald.
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