The Future of Print

News & Observer announces staff layoffs, cost cuts

Posted in Doom by futureofprint on March 16, 2009

RALEIGH — The News & Observer Publishing Co. this afternoon announced it is cutting jobs, cutting pay and requiring unpaid furloughs for its staff as it contends with steep declines in advertising revenue.

The newspaper company, which also owns community publications such as The Cary News and The Herald in Smithfield, will eliminate 78 positions, or 11 percent of its work force. The equivalent of about 27 full-time positions in The N&O newsroom are included.

The N&O will require remaining workers to take a week off without pay between May 1 and Oct. 31.

via N&O announces staff layoffs, cost cuts – Business – News & Observer.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: