Posted on 06/19/2008 7:43:33 AM PDT by abb
The Register-Guard newspaper is cutting 30 jobs because of what its publisher describes as an unprecedented shortfall in revenue.
Publisher Tony Baker said Wednesday that newspaper revenues have been $300,000 to $400,000 below budget projections each month this year because of the weak economy and a rise in newsprint prices.
Baker said 13 vacant positions will not be filled, and the newspaper is offering buyout and early retirement incentives. If the company does not meet its payroll reduction target through those options, layoffs will be necessary.
The Register-Guard currently has about 260 full-time employees.
The cuts at the Eugene newspaper follow a series of job losses at papers across the U.S. as the industry deals with slumping ad revenue because of the economy and the Internet.
ping
http://www.registerguard.com/csp/cms/sites/dt.cms.support.viewStory.cls?cid=114648&sid=1&fid=7
Register-Guard cuts work force
By Ilene Aleshire
The Register-Guard
Published: June 19, 2008 12:00AM
The Register-Guard is cutting 30 positions, 11.5 percent of its full-time work force, in response to what Publisher Tony Baker said is an unprecedented shortfall in revenue. The national economy is tremendously weak, Baker said, adding “Lane County has not been excluded from that pain. Couple that with the run-up in newsprint prices, and that combination forced our hand.”
Baker said that 13 vacant positions at the newspaper will not be filled, and that the newspaper is offering buyout and early retirement incentives to employees. If the company does not meet its targeted cuts through those options, layoffs will be necessary, he said. The company currently has about 260 full-time and 140 part-time employees.
A very liberal newspaper. So sad...not!
Liberal paper yes. Great Duck football coverage though. A paper I actually am willing to buy during football season.
This is one of the most vile anti America/Capitalism fishwraps in America.
They are pro Green Eco Terrorists, hate America, hate organized Christian religion, hate the military and anything to do with using resources.
Trees, frogs, seals and whales have more rights in their eyes than Americans.
We stopped subscribing years ago. The Red~Guard is a lousy paper!!
You’ve got that right, Gramps.
Here’s hoping the Oregonian will follow suit very soon!
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