C'mon, Slim.
Reduce their rate to 13.99999999999% APR.
C'mooooooooooooon.
Posted on 12/05/2009 4:26:37 AM PST by abb
The New York Times on Friday said it probably will have to lay off newsroom employees, because it doesn't expect to get enough people to volunteer for buyouts.
The paper in October announced plans to shed 100 jobs from its 1,250-person newsroom and said it hoped to achieve the reductions entirely through buyouts. Employees were told they had until Dec. 7 to decide whether to take the offer and that the paper would resort to layoffs if too few people volunteered.
"We will not know until [Monday] how many Guild and excluded employees have opted to take buyouts, but it is almost certain the number will fall short of the 100 we need," Executive Editor Bill Keller wrote in a memo to employees on Friday.
Under the terms of the buyout package, offered to both union and nonunion members, employees typically will receive three weeks' pay for every year of service.
Over the past year, New York Times Co. has instituted a series of cost-cutting measures as advertising revenue in the industry has dried up and threatened the company's ability to manage its debt. The company has borrowed money, sold assets and reduced wages, among other steps, hoping to avoid cuts to its news staff, which is larger than that of many competitors.
(Excerpt) Read more at online.wsj.com ...
ping
“Employees were told they had until Dec. 7 to decide whether to take the offer and that the paper would resort to layoffs if too few people volunteered.”
Volunteers for layoffs by Pearl Harbor Day........
http://www.politico.com/blogs/michaelcalderone/1209/Keller_Layoffs_expected_at_the_Times.html?showall
Keller: Layoffs expected at the Times
http://www.editorandpublisher.com/eandp/columns/forestwebs_display.jsp?vnu_content_id=1004050545
Total North American newsprint shipments fell 24.4% year-over-year in October.
yepeeeeah!
We had a similar situation at the manufacturing company that I worked for...at first nobody signed up because none of us had ever been thru anything like this...then people began to take the package and whole departments got hit hard with departures...the work still had to be done, but fewer people were left to do it....so morale began to suffer...”survivor’s syndrome” set in.
I feel for these NY Times workers...they’re getting hurt because of their Lefty/anti-American editors....you would think they would try to be pro-American in hard economic times...people don’t want to read that they’re living in a crap country...they want media that stands up for America.
How long will this “death watch” last? Seems they ought tobe
“dead” by now!
The slimes is in its death spiral. What’s that German word that comes to mind? Oh, yeah. Schadenfreude!
“.people don’t want to read that they’re living in a crap country...they want media that stands up for America.”
Lunatics like Sulzberger never listen to reason.
As long as it takes. I rather enjoy the slow, suffering, miserable spectacle. They need to pay and pay hard for what they've done over the past fifty years.
NYT should take a page from Jim Baucus, as to how to make good utilization of their staff.
And yet all they publish is DNC faxes and Democrat talking points.
If they had any common sense it would include the five people manning the “Climate Change” desk.
......they’re getting hurt because of their Lefty/anti-American editors.......
I argue differently.
They are not lilly white All American apple pie eating wonder citizens. They are all, to a person, Lefty anti Americans. They deserve disdain. The world they destroyed is falling apart and they are the ones being covered in the debris
They deserve no sympathy at all.
bump
Love it.
A nice Kwanzaa present for the homo reporters at the Slimes.
True - but VERY well written gussied up, biased, one-sided intolerant, finger-wagging published talking points...
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