Fri October 26, 2012
ProJo set to move ahead with layoffs in November
Providence Journal managers have closed the door on cost-saving talks with the Providence Newspaper Guild and plan to move ahead with layoffs in the first week of November, according to Guild president John Hill.
Hill says a ”very bad” October revenue report made management unwilling to offer a guarantee of no layoffs in 2013. Management plans to eliminate enough positions to cut spending by $1.2 million.
“It was a nut we couldn’t crack,” Hill says of recent talks aimed at averting layoffs.
He says ProJo managers are determining which positions in news and advertising will be eliminated. Once those decisions are announced in November, Hill says, employees will be offered the opportunity to take buyouts. Buyouts could reduce the number of layoffs, he says.
Hill says he doesn’t know how the layoffs will be divided between news and advertising. A rough estimate has indicated $1.2 million in reductions could equal about 15 positions.
The impending cuts follow a series of past reductions at the ProJo.