Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Possible Layoffs Loom At Detroit News And Free Press
It wouldn't be the holiday season without the dark cloud of layoffs hanging over some Detroit newsrooms.
Layoffs are possible at the city's two daily papers following recent buyout offers, Crain's Detroit Business reports, though an executive tells the outlet they won't happen before Christmas.
The buyouts were reportedly offered to staffers 55 and older at both papers as part of a larger buyout bid by their parent company, Gannett.
-snip-
In exchange for their early departure, Gannett is reportedly offering staffers with more than 15 years of employment up to 35 weeks of severance and a bonus of as much as about $5,500.
Read more: http://www.deadlinedetroit.com/articles/21154/possible_layoffs_loom_at_detroit_news_and_free_press