via Ed Cone...apparently, a memo was circulated among News & Record employees from publisher Robin Saul...the situation down on E. Market Street is now dire.Even though we anticipated these tough times and budgeted for these poor market conditions, the actual performance of our revenues has been worse than expected...
...Beginning in February the News & Record, and all Landmark Publishing newspapers, will require all full-time and part-time employees with benefits to be scheduled for five (5) unpaid days off during the year. At the News & Record these days will be scheduled one day per month through the end of June 2009. The first day will be President's Day, Monday, February 16, with the remaining four days to be announced shortly. Vacation days cannot be used for these days since our intent is to reduce payroll expense.
To minimize inconveniences and confusion for our customers and employees, the News & Record will notify the public we are "closed for business" on these five designated days. We will publish a newspaper and online products on all of these days; therefore, those employees required to work (and those employees regularly scheduled to be off on that day) will have their unpaid day scheduled for a different time during that same payroll period.
We have also decided to enact a wage freeze for the rest of this year, effective immediately. Employees who are promoted or who take on significantly larger responsibilities in a restructuring may be considered for more pay, since we need to work more efficiently in a leaner organizational structure.
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E.C. :)
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2 comments:
Why is the News & Record considered to be on life support or in dire straights when other media outlets and local companies are taking longer furlough days than the News & Record?
And as we've talked about here the last few days, obviously other local pubs are having the same issues.
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