BETTER BUYOUT?

A media news-browsing FBvian who once worked in BeloTown notes that the DMN buyout of much recent conversation not only bites in its own right, but doesn’t fare too well in comparison to, say, Cleveland:

E&P reports that on Friday, the Cleveland Plain Dealer offered a voluntary buyout to business staff and editorial employees who are 50 or older and have 20 years or more service. They’ll get two and a half years (YEARS, yes) of pay and some benefits (doesn’t say what).

Let’s look at how their publisher described it and compare it to Moroney’s implication that people taking buyouts just aren’t willing to be part of the new direction:

In a written statement, Plain Dealer publisher Terrance C.Z. Egger said “In order to be as efficient as possible and to continue to provide our readers and advertisers with a high quality newspaper, we need to adjust our expenses to coincide with our revenue. We are pleased to show our respect for and recognition of our employees with an extremely attractive program. This program is completely voluntary and we are proud to reward The Plain Dealer’s long-standing employees with an opportunity for financial assistance as they make a very personal decision.”

Newsletter

Get a weekly recap in your inbox every Sunday of our best stories from the week plus a primer for the days ahead.

Find It

Search our directories for...

Restaurants

Restaurants

Bars

Bars

Events

Events

Attractions

Attractions

View All

View All

Comments

Comments are closed.