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  • N.Y. Times to reduce page size, close plant, cut 1,050 jobs

    07/18/2006 5:16:02 AM PDT · by oxcart · 81 replies · 1,827+ views
    AP via The Houston Chronicle ^ | 07/18/2006 | Unknown
    NEW YORK -- The New York Times plans to cut 1,050 jobs and shrink the size of its pages in 2008, making them one-and-a-half inches narrower, the newspaper reported in today's edition. ADVERTISEMENT The job cuts include 800 positions at a New Jersey printing plant whose workload will shift to another in New York City, the article said, estimating the moves would save $42 million per year. The reduction in the size of its pages would mean a loss of 11 percent of the space devoted to news, but the newspaper plans to add pages to make up for about...