Monday, March 23, 2009
Charlotte Observer to cut work force
Faced with sharply declining revenues in the recession, The Charlotte Observer will cut its workforce by 14.6 percent and reduce the pay of most remaining employees, the company announced this morning.
In addition to the 82 companywide layoffs -- 60 full-time and 22 part-time employees -- the Observer also plans to reduce the hours of some employees. The company's plan to save costs also includes a one-week furlough for employees later this year if economic conditions don't improve.
"We have really looked every place we can," said Ann Caulkins, the Observer's publisher, during a meeting with newsroom employees this morning.
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1 comment:
Why don't they look at implementing innovation? The economy is NOT the reason for the newspaper industry's decline. The newspaper industry IS the reason for the newspaper's decline!
This industry has FAILED to implement NEW talent, NEW ideas and a NEW culture. It has the same old mentality that stopped working years ago.
Now they are cutting, cutting and cutting to the bone! They will fail at maintaining the value of print and their efforts for online usage will fail also.
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