FROM: Orage Quarles III
DATE: October 13, 2009
SUBJECT: Voluntary Separation Program
As we have communicated over the last several months, we continue to operate in a time of great challenge and change at The News & Observer, at The McClatchy Company and within the newspaper industry. As you know, we have implemented a number of cost-control and reorganization measures including reducing our workforce, implementing a wage freeze and managing down vacation liabilities. Unfortunately, despite our progress, there is continued softness in our classified "Big 3" categories. While it does not appear that revenue is getting worse, we still are falling short of our projections. As a result, we must now look for additional expense reductions.
Today, The News & Observer is announcing a voluntary reduction program for several areas of our operation. As in the past, we have reviewed all positions in workgroups throughout the company and identified positions that may not need to be replaced if vacated, or where work can be consolidated, reorganized or streamlined. This selection is not a reflection of the value of anyone's work or personal contribution; it is a measure of changing technology, consolidation, and necessity.
Eligible employees will receive individual information packets later today and have until 5:00 p.m. on Tuesday, October 27, 2009, to apply for the voluntary program. Employees chosen for this program will work through Friday, November 6, 2009, unless otherwise notified because of business needs.
We know these types of programs can be disruptive, so we respectively ask for your ongoing patience. If you have questions, please call or set up a time to talk to a member of Human Resources at 829-4854.
Thanks to the readers who sent this in.