New York Times Co. will eliminate 100 jobs on the business side of its flagship paper and cut employee pay by 5% over the next nine months in exchange for 10 days of leave. The 5% reduction in pay will affect staffers at the Times, the Boston Globe, Boston.com and the company’s corporate unit.
Washington Post said it plans to offer buyouts to employees this year at the paper, affecting workers in its newsroom, production and circulation areas, as well as a small number of positions in the advertising and information-technology departments.
Friday, March 27, 2009
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