Looks like the free fall continues at the Flint Journal. Apparently there will soon be a third wave of "targeted" buyouts at the Flint Journal.
Publisher Dave Sharp has told the staff that the hoped for turnaround at the newspaper simply has not happened. It was one year ago this week that the second round of buyouts were announced at the paper.
As you will recall, the deal at that time was four weeks pay for every year worked if you were a full-time employee. The publisher also said that there would be no further buyouts and that this (last year's buyout) was the best opportunity to get out with a little cash and dignity.
Stay tuned for details.
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1 comment:
Looks like those who got out made a wise choice.
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