This Monday is turning out to be full of bad news, unfortunately, and this one is on the economic side.
According to an internal memo obtained by the folks at the FishbowlDC blog, troubled media giant Gannett is turning to its employees for more unpaid time…saying the “unprecedented economic downturn” has forced it to make more “difficult decisions”. Quoting:
One of those choices was between more layoffs or another round of furloughs. We chose, for most employees, a furlough program consisting of at least one week of unpaid leave to be taken in April, May or June.
The program will differ from the first quarter’s in a couple of important ways:
The length of the furlough for employees will vary somewhat by division or location, depending on the division’s operating needs and results.
Our higher salaried employees will be asked to make an additional sacrifice. This could be a second furlough week or a week’s furlough plus a temporary salary reduction equivalent to one week’s pay for the quarter, depending on the division and/or location.
Gannett, of course, owns Cleveland NBC affiliate WKYC/3.
Check the memo for more details. We don’t really have the heart this afternoon to regurgitate yet another piece of economic bad news in the media…
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