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Topic: Memos Sent to Romenesko
Date/Time: 10/12/2007 11:49:24 AM
Title: Detroit Free Press buyouts
Posted By: Jim Romenesko
 
Excerpt of memo from Detroit Free Press publisher David Hunke

Dear co-workers,

Due to worsening economic conditions, Detroit Media Partnership is offering a voluntary severance program.

At this time, the program is being offered to active, benefit-eligible non-represented employees of the partnership and Detroit Free Press who are 50 years of age or older with at least 10 years of credited service as of October 12. ...

We have contacted union leaders to extend this offer to the bargaining unit employees who are eligible. ...

The program offers two weeks of severance for every year of credited service - up to 52 weeks. ... The offer is open until November 2. We are looking for 110 volunteers. If more than 110 volunteer, we will review whether we can expand the pool. Decisions about which volunteers will be accepted will be based on position and seniority. If the voluntary offer doesn't result in a sufficient number of volunteers, or if, in the future, economic conditions worsen, it may be necessary to consider layoffs.
....

Excerpt of memo from editor Paul Anger

We will be reducing our newsroom workforce by about 5%. We will say goodbye to some outstanding journalists and great friends who see this as a timely opportunity to make a transition in their lives, and we will take the time to celebrate their contribution. ...We're transforming our industry from ground level.

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