Posted on 08/09/2007 6:06:30 AM PDT by abb
Fred A. Stickel, publisher of The Oregonian, on Wednesday announced an early retirement offer for newsroom employees.
"I wish I did not think this action were necessary," but it is needed to keep the company payroll in line with revenue, Stickel told the newsroom employees. The retirement offer is voluntary and is available to 32 full-time employees with at least 20 years with the company. Several in the group have worked for The Oregonian more than 40 years. The offer includes a year's salary, company-paid health insurance until age 65 for the employee and spouse and additional benefits.
"These employees have contributed to the company's success and vital role in the community over the last four decades, for which we are immensely grateful," Stickel said.
Oregonian policy guarantees that regular full-time employees will not be subject to layoffs. Any staff reductions take place through normal attrition or an early retirement offer, Stickel said. The Oregonian last made an early retirement offer in October 2005, which was accepted by 12 in the newsroom and nine in the pressroom. The newsroom has a staff of 405 full- and part-time employees.
Ping
Oregonian policy guarantees that regular full-time employees will not be subject to layoffs
As Mary Poppins said, “A pie crust promise. Easily made, easily broken.”
If only the lessons of Detroit could be learned by liberals of every stripe they would be so much better off.
Too bad they picked on the newsroom. It’s the editorial staff that needs to be tossed out.
The main reason for these companies offering an early retirement program is due to the cost of insurance and disability insurance. I got caught up in this with a major company in the Portland area. Being in management, I was privy to a lot of information that the average employee didn’t have. If an employee is in his 20’s, disability insurance may cost the company $1,000.00 a year. If over 50, the insurance could be over $10,000.00 a year, plus the medical insurance goes up as well.
We started visiting Oregon when our younger son moved there 16 years ago. We would stop and spend a few days to a week in the SW Oregon area before going to the left wing Portland.
In SW Oregon, at the time, the Oregonian had huge stacks of the Sunday and Saturday newspapers inside most of the stores at that time. If you got to the stores by mid morning, they had sold out of the Oregonian.
Starting about 5 years ago those stacks started to stay in the stores and were unsold. Home deliveries to Brookings and other SW coastal towns were curtailed or cancelled. One brave liberal delivery person in Brookings was driving to Grants Pass to get Oregonians for his route customers.
Conservative fly fishing friends in the Medford/Grants Pass areas have told me of similiar slowing of the sale of the weekend Oregonians in stores. Most of them and their friends had cancelled home deliveries.
Conservative Californians moving into these areas after liberal Oregonians sold their home were saying no to the Oregonian. A lady who used to work in my wife's office and her husband a retired marine and leo moved to a new development east of Medford five years. They and their neighbors bought Dish or Direct tv satellite systems and nobody ordered the Oregonian. This couple after one free sample of the Oregonian told the local distributors to take them off the list. They told the local distributors, the Oregonian had nothing to offer to Christians, Republicans, a Retired Marine and LEO. That was four years ago, and still with people moving in and out of their development, no one subscribes to the Oregonian.
Ummm! More Oregonian mediot road kill for dinner!
Mmmm! These pinko liberal Oregonian mediots are really great eating! Rip off a chunk of that one for me!
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LOLOL!
GOOD post, Gramps!
Love the pics!
We gave up the Oregonian years ago.
My daughter subscribed to it last spring for a project my 6th grade grandson had to do.
He had to read the financial pages daily.
Think of it...a 6th grader with his own stock portfolio!
He did right well with it.
When the spring term was over, she stopped receiving it, though.
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