The New York Times will offer its staffers a voluntary buyout, the details of which are still being worked out, Romenesko reports.
The Guild noted that NYT Co. was agreeable to a buyout because the guild “stepped up” by accepting a five percent pay cut earlier this year. Guild leaders say employees are “guaranteed” to have their pay restored on January 1, 2010.
Anyway. Buyouts. Gee, the New York Times hasn’t done one of those in ages. Oh wait…
Details on who’s eligible and the number of buyouts available are still being worked out.