Thursday, September 18, 2008

65 employees leaving the Kansas City Star

KansasCity.com:
Sixty-five employees of The Kansas City Star have accepted voluntary buyouts or been laid off in the second round of personnel cuts at the newspaper since June.

The cuts come as The McClatchy Co., the Star’s parent, announced about 1,150 job cuts throughout the chain, or 10 percent of the company’s work force, citing a “difficult advertising downturn.”

McClatchy said the job cuts and other initiatives would save $100 million over the next year, excluding severance costs of about $20 million.

In a memo to employees, Star publisher Mark Zieman said the cuts at the newspaper were split nearly evenly between the voluntary buyouts and involuntary layoffs, most of which occurred Wednesday. He said that several additional positions would be eliminated through attrition.

“This latest round of cuts has been especially disappointing because we all believed the steps we took two months ago would be sufficient to see us through the sharp revenue declines that have beset our industry during this current recession,” Zieman wrote.

“Instead, we’ve discovered that more is required to protect the financial health of our company, and to ensure that we can successfully restructure and adjust to this new business model.”

In June, The Star cut 120 jobs, or about 10 percent of its work force, as part of McClatchy’s elimination of 1,400 positions companywide.

Reading between the lines, it looks to me like about 35 accepted buyouts, and 30 were laid off.
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Kansas City Star to cut "about 30" -- in addition to the employees who accepted the most recent buyout

1 comment:

Anonymous said...

Now their hiring people to take their place. Bet it's for a lot less money. Can you believe it???