N&R sheds jobs

Sad news from E. Market Street as the News & Record yesterday cut 25 more jobs, six of which were newsroom positions. It is unknown publicly just who from the newsroom may have received walking papers.

N&R:

The News & Record has had previous job reductions, an early retirement program, buyouts and unpaid furlough days to lower payroll costs. The company has also tightened its operating expenses, including using less newsprint.

"Unfortunately the effects of this economic recession are more severe than we had anticipated, and all of these efforts have not been enough to bring our operating expenses in balance with our revenues," publisher Robin Saul stated in an e-mail Thursday afternoon to employees.

Saul stated that the job cuts and other expense reductions are designed to ensure the "long-term financial stability and health of the News & Record."

Further expense reductions, including changes to the newspaper, will be implemented during the next few weeks, Saul stated. More details will be shared with employees beginning next week.

TMW mentioned recently that something big was coming down the pipeline shortly from the N&R. Guess this is the other shoe dropping.

E.C. :)