The involuntary reduction in force will be completed by mid-to-late October to achieve the necessary remaining workforce reductions. The expense related to the reduction in force is estimated at $2.4 million and will be recorded in the fourth quarter. The reduction in force is limited to the news, production, customer retention call center, and Al Dia departments at The Dallas Morning News; the news, consumer sales, packaging and production departments (excluding pressroom) at The Press-Enterprise; and, the news, editorial, advertising and promotion departments, subject to contractual obligations, at The Providence Journal.
Thursday, September 4, 2008
Breaking news: Layoffs for DMN
Corporate just released a statement on its Web site. A quick excerpt:
Posted by email@example.com at 4:14 PM