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Daily Job Search Video by Employment Potentials
By Employment Crossing
www.EmploymentCrossing.com
The McClatchy Company offered employee buyouts to Sacramento Bee workers this past Monday. To avoid company layoffs, the struggling newspaper encouraged voluntary severance. The paper continues to compete for declining and limited advertising revenue against other newspaper and Internet companies, who are also feeling the pinch. Employees who took the early buyouts are expected to work through September 12, and will receive two weeks of pay for every year of service with the company. Bee executives said that they plan to enforce more job cuts just to compensate for loss of ad revenue. The Bee derives 75% of its funds from advertising.
McClatchy Co. Offers Buyouts to Sac Bee Employees
By Employment Crossing
www.EmploymentCrossing.com
The McClatchy Company offered employee buyouts to Sacramento Bee workers this past Monday. To avoid company layoffs, the struggling newspaper encouraged voluntary severance. The paper continues to compete for declining and limited advertising revenue against other newspaper and Internet companies, who are also feeling the pinch. Employees who took the early buyouts are expected to work through September 12, and will receive two weeks of pay for every year of service with the company. Bee executives said that they plan to enforce more job cuts just to compensate for loss of ad revenue. The Bee derives 75% of its funds from advertising.
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