Bookmark this page

Subscribe to Latest National News

↑ Grab this Headline Animator

 
India4u News   
 World News
 National News
 Entertainment News
 Business News
 Sports News
 Education News
 Health News
 Politics News
 Travel News
 Special Reports
 Press Releases
 - News
 - Photos
 - Videos
News Central
 
General News
 The Hindu
 Indian Express
 The Telegraph
 Times of India
 Deccan Herald
 Hindustan Times
 IBN Live News
 DNA Top News
 Indias News
 
Sports News
 The Hindu Sports
 Espn Star Sports
 Sify Sports
 
Regional News
 The Navhind Times
 Milligazette News
 
Business News
 Business Line
 Financial Express
 Economic Times
 Business Standard
 IBN Business
 Sify Finance
 
Entertainment News
 Kollywood Cinema
 Sify Movies
 IndiaDaily Bollywood
India4u News
Business News
New York Times offers newsroom buyouts, layoffs expected
Posted online: Tuesday, December 04, 2012 at 1:57:46 PM

New York, Dec 4 : American daily newspaper The New York Times has announced that it will offer buyouts to some of its newsroom staff, and may lay reporters off if not enough people accept the severance package.

Writing to staff, publisher Arthur Sulzberger said that he had asked top editors within the paper to "identify significant cost savings."

According to the Huffington Post, he wrote that 'the advertising climate remains volatile and we don't see this changing in the near future.'

"As we all know, these are financially challenging times. While our digital subscription plan has been successful, the advertising climate remains volatile and we don't see this changing in the near future," Sulzberger wrote.

"Given this, I have asked Scott, Jill and Andy to identify significant cost savings - including buyouts - throughout The New York Times Media Group," he added.

The paper reported that the company is offering 30 buyouts to non-union newsroom managers.

"There is no getting around the hard news that the size of the newsroom staff must be reduced," editor Jill Abramson wrote in her own memo.

"I hope the needed savings can be achieved through voluntary buyouts but if not, I will be forced to go to layoffs among the excluded staff," Abramson added.

According to the report, The Times has gone through rounds of buyouts before, shedding 100 employees in 2008 and a further 20 in 2011.

The paper recently went through a bruising round of contract negotiations with its unionized staff.

Source-ANI

Bookmark this page

News Archive



World News


Notorious killer Jack the Ripper's true identity is still anonymous
(19 hrs ago)


Vatican synod rejects openness towards homosexuality in final report
(19 hrs ago)
....More
National News


BJP yet to announce CMs for Haryana, Maharashtra
(11 hrs ago)


Maharashtra polls: Shiv Sena will wait for BJP's proposal, says Uddhav
(14 hrs ago)
....More
Business News


Intel records 'best-ever' hike in Q3 revenue
(116 hrs ago)


Petrol price slashed by Rs 1 per litre
(118 hrs ago)
....More
Sports News


'Duty bound' McCullum says will testify against Cairns in trial to 'protect the game'
(19 hrs ago)


Liverpool set to award 'red hot' Sterling with new-long term contract wrecking Real's hopes
(19 hrs ago)
....More
Health News


Vitamin D deficiency increases poor brain function post cardiac arrest
(18 hrs ago)


WHO vows to disclose full report reviewing its Ebola response amid mounting criticism
(19 hrs ago)
....More
Entertainment News


Colin Farrell named face of Dolce and Gabbana's new fragrance
(16 hrs ago)


Newly married Clooney wants to stay-at-home dad
(16 hrs ago)
....More


Subscribe to Latest National News

↑ Grab this Headline Animator

About this Site | Advertise on india4u | Feedback | Contact | Sitemap
Designed, Hosted & Managed by FrontPoint Systems
Copyright (c) 2000 to 2014. All rights reserved.