Boston Herald Offers Buyouts To Everyone
The Boston Herald is offering buyouts to all of its 385 employees, the paper reported Friday.
Employees taking the buyout package would need to decide by July 1, and would receive two weeks’ salary for each year of service. No layoffs will occur if not enough people sign up for the buyout, we think.
The staffing adjustments we’re making are a result of revenue pressure all newspapers are experiencing,” said Herald president and publisher Patrick J. Purcell in a statement.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in