Tuesday, October 13, 2009

Star-Ledger Is Back for More Buyouts

The Star-Ledger, the Newhouse-owned newspaper where 150 newsroom staffers took buyouts last year, is about to sustain even deeper cuts.

According to a memo sent to out by the publisher George Arwady, executives will be seeking another round of buyouts, and if that doesn’t work, involuntary layoffs. For many years, the Newhouse newspapers kept unions at bay by promising lifetime employment, but the implosion of the industry has swept those promises into the dustbin of history.

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