Time Inc. Buyout Offer Expires in Week

With a week to go before a buyout offer expires, only one Time Inc. staffer is known to have volunteered to take the severance package, whose benefits generally are less generous than those under The Newspaper Guild’s previous contract, union officials said.
 
Some of the company’s biggest magazines—those that are covered by The Newspaper Guild—have asked for at least 83 people to take buyouts as part of a restructuring and downsizing. Volunteers were asked to come forward by Dec.