Crain’s Detroit Business
Buyouts were offered to 155 people at the Detroit Free Press, the Detroit News and the Detroit Media Partnership, which oversees their joint business operations.
Alan Lenhoff, director of project management and corporate communications with the Detroit Media Partnership, told Poynter that employees age 56 and up who have worked at the papers for 20 or more years will be eligible. The offer includes two weeks pay for each year at the paper (capped at 52 weeks) and health insurance. Some people who are eligible may not be allowed to accept the buyout, Lenhoff said, depending on how many people want to take it from each department.
Lenhoff told Poynter he expects less than half of eligible employees to accept the buyout. “It’s a total win-win because we would like to reduce some expenses, and it’s an excellent opportunity for people who are close to retirement to make that possible for themselves,” he said by phone.… Read more