Thursday, September 16, 2010

Money-Starved National Post Offers Voluntary Buyouts to Staffers

National PostImage via Wikipedia
According to a report in trade publication Editor & Publisher, in a cost-containment move, Postmedia Network has offered staffers at Canada's The National Post voluntary buyouts of three weeks' pay for each year of service.

Postmedia Network, which acquired the Camwest newspapers at a bankruptcy auction, hopes to pare labor costs. Reportedly, Postmedia, Canada's largest publisher of paid English language dailies, has overseen staff cutbacks of about 50 workers at The Calgary Herald and Edmonton Journal.

Voluntary buyout offers have also been extended to staffers at the Vancouver papers, the Ottawa Citizen, and the Victoria Times Colonist, according to the Editor & Publisher article.
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