Tuesday, March 24, 2009

15 percent staff cuts, pay cuts at two papers

The Lexington (KY) Herald Leader and the Charlotte (NC) Observer, both McClatchey papers, each announced staff cuts amounting to 15 percent of their work force and that remaining employees will take pay cuts. In addition there's the liklihood of 1-week furloughs before the end of the year barring a turnaround in the economics.

http://www.google.com/hostednews/ap/article/ALeqM5ilSE0udp2avqEyU8jL65w2Qq6TXgD973UC6O0

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