Thursday, March 26, 2009

More furloughs from Gannett

The image “http://www.digtriad.com/graphics/partners/partner_gannett.gif” cannot be displayed, because it contains errors. The image “http://tbn3.google.com/images?q=tbn:QskXY4reJET6MM:http://ncdisasteraid.org/images/images_000.jpg” cannot be displayed, because it contains errors. Employees at Gannett are being ordered to take more unpaid time off to offset the company's steep decline in advertising revenues. This may mean more unpaid furloughs for employees at the Gannett-owned CBS-2 (WFMY).

This, from Editor & Publisher and the AP:

The furloughs spelled out Monday in a company memo are being imposed to avoid laying off more employees as Gannett tries to offset a steep drop in advertising revenue.

This marks the second time this year that most of Gannett's 41,500 workers have had to give up a week's pay. Most employees, including CEO Craig Dubow, were furloughed for at least five days during the first three months this year.

This time around, the owner of the USA Today and more than 80 other daily newspapers is requiring its higher-paid workers to relinquish up to two weeks pay during the April-June period.

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E.C. :)

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