Newspaper death throes (continued)
And the hits keep on coming. The latest newspaper to take extreme measures is the Austin American-Statesman, which is offering nearly one quarter of its employees voluntary buyout offers.
"Austin American-Statesman Publisher Jane Williams on Wednesday announced a voluntary separation program that offers up to a year in severance pay for employees at or near retirement age. (snip)
"Austin American-Statesman Publisher Jane Williams on Wednesday announced a voluntary separation program that offers up to a year in severance pay for employees at or near retirement age."
The paper has a total of 740 employees.
It is a very tough time to be losing your job. Austin resident David Paulin comments:
The problem, according to some readers, is that the paper only catered to half its readers -- the left half.
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