Buyouts At Philly Daily News
The Philadelphia Daily News has sent letters to guild-represented newsroom employees telling them they are “eligible for participation” in a “voluntary separation program,” the Guild Reporter says.
The letter doesn’t say how many volunteers for the buyout the company will accept, nor does it say whether the newspaper will resort to layoffs if not enough volunteers step forward. Also, the letter does say the company reserves the right to refuse an application “based on legitimate business need” (read: you can be too valuable to take an easy retirement).
Buyout
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