Uh-oh, Globe!
"Gannett imposing more furloughs" by Associated Press | March 24, 2009
Gannett Co. is forcing most of its US employees to take another week of unpaid leave this year as the nation's largest newspaper publisher prepares for its rapidly sinking advertising revenue to extend its slide during the second quarter.
The furloughs spelled out yesterday in a company memo must be taken before July and are designed to spread the pain through Gannett without the need for further layoffs.
The McLean, Va.-based company jettisoned about 4,000 jobs, or about 10 percent of its workforce, last year to survive a slump that has seen more than $1.1 billion in annual advertising revenue evaporate since 2006. Gannett started off this year by requiring most of its 41,500 employees, including chief executive Craig Dubow, to stay home and give up a week's pay during the first quarter.
Although the newspaper publisher is regarded as one of the most fiscally healthy, it is hardly immune from the economic pressures affecting the entire industry.
Oh, is THAT what it is?
It's not the lying, biased, divisive, distorting, obfuscating, omitting, Muslim-hating, agenda-pushing, war-promoting, Zionist-controlled pieces of scitte we call newspapers?
With its ad revenue still slipping, Gannett appears to be trying to save even more money with a second round of furloughs in April, May, and June. The first-quarter furloughs saved Gannett about $20 million. It declined to estimate how much it will save from the second-quarter furloughs.
This time around, the owner of USA Today and more than 80 other daily US newspapers is requiring its highest-paid workers to relinquish up to two weeks pay. The extra week applies to a group that includes Dubow, other top executives, and newspaper workers making more than $90,000 annually, Gannett spokeswoman Tara Connell said.
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They get no sympathy from me, not after all the lying agenda-pushing. They can afford a day off!
