Globe Takes Turn for the Worst: Voluntary Buyouts Offered

(Photo credit: Wikipedia)Forty-three Boston Globe workers, union members and management alike--including 20 newsroom staffers--have been offered voluntary buyouts, and another 10 employees were laid off, according to Globe Publisher and New England Media Group ("NEMG") President Christopher M. Mayer.

According to a report by the Globe's rival, the tabloid Boston Herald, the New York Times-owned broadsheet in May saw its daily circulation drop below 200,000 for the first time ever, fueling speculation that the Globe and another Times property, the Worcester Telegram & Gazette, may soon be offered for sale. Reportedly, the Telegram & Gazette laid off one staffer and offered voluntary buyouts to another 10.

According to a report by the Poynter.org Web site, the T & G will eliminate slots and layoffs will ensue if the buyouts are not accepted.  The Globe, which boasts a work force of 1,881, does not anticipate universal acceptance of the buyout offer. As part of a cost-savings measure, the Globe reportedly plans to close its suburban bureaus.