Wednesday, February 18, 2009

Journal Sentinel freezes wages, may furlough employees

With the economy continuing to worsen and conditions eroding in the daily newspaper industry, the Milwaukee Journal Sentinel is freezing employee wages and may institute a one-week unpaid employee furlough.

Journal Sentinel employees received a memo this week from president and publisher Betsy Brenner outlining the actions the daily newspaper’s management will take “to properly structure our business and weather this economic downturn.”

Brenner told employees the company hopes to keep further staff reductions to a minimum, but those decisions will depend on the impact of cost-savings efforts and the newspaper’s revenue performance for the balance of 2009. The newspaper cut about 10 percent of its staff in summer 2008 and 5 percent in fall 2007.


}}} full story {{{
.

No comments: