The Wichita Eagle is offering voluntary buyouts to all of its full-time employees, its top executive announced today.
There is no target number for staff reductions, president and publisher Pam Siddall said. The company may not approve buyouts for all who seek them, she said.
The move is an attempt to cut costs in the face of difficult business conditions for the newspaper industry, Siddall said.
The Eagle last week instituted a one-year wage freeze, as did all 30 newspapers in the McClatchy Company, which owns The Eagle. In the past year, McClatchy has initiated limited layoffs, as well as a number of other cost-cutting and revenue growth efforts.
On Bloody Monday, the Wichita Eagle cut 12 positions.
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Thanks to the anonymous commenter for the tip.
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McClatchy August buyouts:
Sacramento Bee offers buyouts... 5th McClatchy newspaper this month!
Kansas City Star offers buyouts -- 4th McClatchy paper this month
Fort Worth Star-Telegram offer buyouts... again
Modesto Bee offers buyouts to all full-time employees
Herald-Leader to offer another round of buyouts
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