Gannett offers 594 buyouts, begins accepting offers this week

Gannett Blog
This February Gannett said it would offer buyouts to employees in its newspaper division. In a memo to staff then, Bob Dickey, who is head of the company’s U.S. community publishing division, said that 785 people met the qualifications for the buyouts (employees over 56 with 20 years at the company) but that only 665 people would receive the offer, which he said was “designed to be as attractive as or better than others in the industry.” The memo set a 45-day deadline for employees to accept.

Jim Hopkins of the Gannett Blog is tracking the buyout offers by property, the number of employees initially offered buyouts (594 total by his count), the number the company will actually grant, and the number that have been accepted. For instance: At the Jackson, Miss., Clarion-Ledger, which Hopkins recently called “an especially traumatized newsroom, even by Gannett standards,” 12 buyouts have been initially offered, 11 in the newsroom. || Related: One-week furloughs announced for USA Today, USA Weekend and Gannett Publishing Services employees

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  • http://www.facebook.com/people/Harry-Eagar/1522226881 Harry Eagar

    I don’t get the concept of competitive buyout offers. Do people shop around for them?