Thursday, February 19, 2009

Courier & Press cuts employees' pay

The employees of the Evansville Courier Co., are taking pay cuts to help the newspaper company weather the current recession.

On March 9, the pay of salaried employees will drop by 5 percent. That of most hourly employees will fall by 3 percent.

Starting in April, the Evansville Courier Co., will no longer match employee contributions to a 401(k) retirement program. The company said it hopes to reinstate the match as soon as the economy improves.

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