USA TODAY, McCLATCHY MAKE MORE CUTS.
Gannett's national daily, USA Today, and the copy-editing and production hub in Charlotte, N.C., for McClatchy's North Carolina titles will each take fairly large hits in layoffs and buyouts, the companies said this month.
USA Today reported on Wednesday that 90 of the 600 staffers at the paper will be offered buyouts in the form of early retirement offers. Those 55 and older who have 15 years with the company will get 1-1/2- to two-weeks pay for each year worked, with a 52-week cap. Health benefits will be offered "while they receive payment from the company."
Larry Kramer, the publisher of the paper, was quoted as saying that if a full complement of staffers don't apply for the package, "we cannot rule out other actions that we may need to take in the future because of economic and business conditions."
At the McClatchy operation housed at the Charlotte Observer -- which does copy editing and page design for that paper as well as The News & Observer in Raleigh and the Rock Hill Herald -- the entire 44-person staff has been asked to reapply for 36 jobs which have new titles and descriptions.
The initial news of the cutback was reported by JimRomenesko.com on March 10 with extensive details provided by the site RaleighCo.com last Tuesday.
In other cutback news, the newspaper formerly known as Women's Wear Daily said earlier this month that it would curtail print publication of WWD to once a week but continue to update its web site, WWD.com, daily. The final daily print edition will be April 24.
WWD was sold last fall by the Newhouse family's Cond Nast to Penske Media, owner of operations such as Variety and Variety.com, HollywoodLife.com and Movieline.
Lastly in cutback news, earlier this month The Newspaper Guild of New York, Local 31003, CWA, said it had settled grievances of 14 of those laid of from the New York Times last December. The paper offered "lucrative" voluntary buyouts last fall, asking for 100 staffers; only 77 took the offer. The Times then laid off 14 to meet its goals and the Guild disagreed about how and why many of those lost jobs.
"While the terms of the agreement are confidential, it included financial packages for each of our former colleagues that they all found acceptable," wrote The Guild on its web site on March 11.
I think I'm all out of analysis on cutbacks, except to note that the company with the worst stock-price record in recent weeks (see below) is mentioned above.