Gotta love the McClatchyism "transition packages" -- just call it a severance package, McClatchy.
Citing an "extremely challenging" advertising market, the Lexington Herald-Leader on Tuesday announced that it is reducing its workforce by 10 full-time and two part-time employees.
The newspaper has been through several rounds of layoffs and voluntary buyouts since early 2008. The most recent and largest of those was in March, when the newspaper laid off 49 full-time and four part-time employees, and reduced wages for remaining employees.
"Having to take such painful steps is especially disappointing because we believed the economy would be recovering by now and advertising revenues would follow suit," Herald-Leader Publisher Timothy M. Kelly said in a message to the staff Tuesday. "However, the economic downturn has lasted longer than expected, and despite an upturn in the second quarter, the advertising climate remains extremely challenging."
Kelly said the majority of the reduction is in the newspaper's operations division, mostly related to outsourcing additional printing to The Courier-Journal in Louisville. The Courier-Journal already prints the Herald-Leader's Sunday comics, and will now print some additional sections of the paper that are prepared in advance.
The Herald-Leader will continue to have its nightly press run in Lexington and will maintain its commercial printing business.
Employees affected by the cuts will receive a transition package that includes severance pay and outplacement services, Kelly said. He added that other expense cuts are being implemented in virtually all areas of the newspaper.
Hat tip: email