Managers at the Rockford Register Star say that they'll offer voluntary severance packages to "core newspaper staff" in a move to cut up to 25 of its 409 staff positions.
The newspaper reports on its Web site that president and publisher Fritz Jacobi announced the plan at a staff meeting this afternoon. The newspaper says the buyouts would be the first in its history.
Managers say the severance packages will be offered in all departments and employees will have 21 days to consider if they will apply for a buyout.
Packages will include a one-week-per-year-of-service payout and continuation of medical benefits for that term. The maximum payout would be 26 weeks.
GateHouse Media owns The Carthage Press, Neosho Daily News, Neosho Post, Pittsburg Morning Sun, Aurora Advertiser, Greenfield Vedette, and Big Nickel in this area.
2 comments:
Oh great...Now it's the death of the Rockford Register Star.....what has this world come to. Quick, send Randy and John Hacker in before it's too late.
Randy,
Who is Gatehouse and why do they keep buying up small town news papers? Surely its not profit motivation, is it?
also,
How much involvement do the new "owners" have with local stories? Do they determine what is buried and what is printed?
sincerely concerned,
DB from Carthage
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