Friday, February 20, 2009

Indiana Newspaper Cutting Salaries

Another Indiana newspaper is taking steps to weather the declining economy. Our partners at Evansville Courier & Press say starting next month, salaried employees' pay will drop by 5 percent and most hourly employees will fall by 3 percent. Beginning in April, the newspaper company will no longer match employee contributions to a 401(k) retirement program and will freeze pension plans.

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