Two California Papers Cutting Payroll By 10%
The Santa Rosa Press Democrat and the Petaluma Argus Courier are finding new ways to reduce their payroll. Both papers are owned by The New York Times Co. From Editor & Publisher:
The papers are seeking savings in salary reductions, buyout offers and possibly layoffs, the Press Democrat reported.
The Press Democrat employs 325 people and the move will affect all union and non-union staffers across all departments. The Argus Courier has 16 employees.
A 5% pay cut will go into effect Jan.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in