Wednesday, January 14, 2009
Involuntary pay reductions
Posted By Max Brantley on Wed, Jan 14, 2009 at 12:44 PM
I mentioned yesterday a new program at the Democrat-Gazette seeking employees willing to take voluntary reduction of hours as a cost-cutting tool. (And, I was told today, this plan was imposed at other Hussman-owned newspapers in Arkansas, as was an earlier wage and hiring freeze.)
Could be worse. Gannett today told its thousands of employees -- who include workers at KTHV in Little Rock and the Baxter Bulletin in Mountain Home -- that they must take a week off without pay in the first quarter of this year.
Lots more at the blog run by Jim Hopkins, former business editor at the Arkansas Gazette.
From the ArkTimes store
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