Friday, February 27, 2009

Boston Herald aims to cut 20 via buyout

The Boston Herald today offered employees a voluntary buyout package in attempt to eliminated 20, or about 5 percent, of the daily newspaper’s staff, the paper confirmed to the Boston Business Journal Friday.

In a prepared statement, Herald president and publisher Pat Purcell said, “The efficiencies the Boston Herald has undertaken in the past few years have allowed us to control expenses and perform reasonably well. But an unprecedented, ongoing downturn in the economy has resulted in additional decline in advertising revenue. Regrettably, it is necessary to restructure our workforce and institute a voluntary termination incentive program for full-time editorial and commercial guild employees as well as full-time exempt non-union employees at the Boston Herald and Herald Interactive.”

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