Faced with continuing declines in revenue, The Telegraph announced Tuesday it will eliminate 18 jobs and cut the wages of many remaining employees.
Most of the affected jobs will be eliminated through attrition or positions that will remain unfilled, Publisher George McCanless told employees. Eight workers will lose their jobs.
The wage cuts will be based on salary and will range from 2.5 percent to 10 percent, McCanless said. Employees earning less than $25,000 will not see their salaries cut.
The moves are expected to save $1.2 million.
“These are tough times,” McCanless said. “In the end, we don’t have a problem that revenue will not solve. We do not have a readership problem. We have a revenue problem. ”
The Telegraph’s parent company, McClatchy Co., said Monday it will shrink its work force companywide by an additional 15 percent in hopes of saving up to $110 million over the next year.
In February, The Telegraph announced it will move its printing operations to Columbus in April, and 58 full- and part-time production-related jobs would be eliminated. This was expected to save the company more than $1 million a year.
There are about 220 full- and part-time employees at The Telegraph.
In October, The Telegraph eliminated eight jobs in various departments through buyouts and involuntary layoffs, which followed a smaller round of staff reductions last June when McClatchy imposed a one-year wage freeze.
To see the latest tally of McClatchy cuts, click here.