NEW YORK — Gannett Co., owner of The News Journal and delawareonline.com, imposed one-week unpaid furloughs for most of its U.S. employees today, saying the move could help minimize the need for further layoffs amid a severe advertising downturn.
USA Today also declared a one-year freeze on wages effective Feb. 1.
Although Gannett is regarded by many analysts as one of the nation's most financially sound newspaper publishers, the economic recession and the ongoing migration of advertising to the Internet have pounded its revenue prospects.
GO HERE to read more, especially if you work for Gannett.
Here Comes The Blogs!
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
3 comments:
Joe:
Maybe the Daily Times personnel will use that period to get familiar with your blog!
DT already reads SBYNEWS. Where do yo think they get their stories from?
I don't think they'll be working for free; I think a furlough is an unpaid "vacation." It is absolutely against the law not to pay people for hours worked.
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