Five Percent Pay Cuts For Five Months At The St. Pete Times
Five for five has a nice ring to it, but in this case, it’s anything but happy: the St. Petersburg Times will cut its employees’ pay five percent for five months to save $1 million, Eric Deggans reports.
To cut the pain, somewhat, the paper is also offering its employees an extra five days of paid vacation.
“I regret the hardship this action will cause to staffers and their households, but it will give us time to judge the severity of this downturn, and to consider other options for reducing expenses on a permanent basis,” St.
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