3 Comments

Summary:

Associated Press, one of the largest news organizations worldwide, is planning to reduce its workforce by about 10 percent of its workforce…

imageAssociated Press, one of the largest news organizations worldwide, is planning to reduce its workforce by about 10 percent of its workforce in 2009, reports Reuters, citing an internal “town-hall” meeting at the company. AP employs about 3,000 journalists, and a total of about 4,100 people worldwide, which means the reduction would be about 400 employees. According to an AP statement: “The Associated Press, like virtually every business in the world, is defining strategies for operating in these complex and difficult financial times. All areas and ways of doing business are being reviewed. The AP, which recently instituted a strategic hiring freeze, may need to reduce staff over the next year. If so, it hopes to achieve much of the reduction through attrition.”

These cuts come at a time when AP is restructuring the company, and has also revised its rates after protest from its member newspapers. The co-op, facing defections from members large and small, announced in October that is planned to cut member assessments by another $9 million next year, for a total of nearly $30 million, and would start an examination of its member structure that could result in a complete overhaul. These cuts are likely a result from that overhaul.

Lots more about AP, the controversies and rate changes here in our special section.

  1. The birds are coming home to roost.. they got the economy killing Obama elected.. and now it's affecting their bottom line profits.. good.. more and more its obvious that the "learned" and "well educated"bama voters elected a sham that was pushed on them from all directions.. the owners of big business, the stock market professionals, the cheif economists all told you that Obama would be bad for the economy.. but you did not listen.. to wrapped up in your "save the planet" fantasy.. enjoy your unemployment …. jerks..

    Share
  2. I'm not sure how Obama's election has affected anything at this point. He's not in charge until next year…

    Share
  3. Barry Johnstone Monday, November 24, 2008

    D/Sizing a company, by making people reduntant, (nothing coming into a house-hold) how is that going to fix anything? I fail to understand this. It does NOT help anyone – except the company's hire-and-fire power – which I think is WRONG!

    Share

Comments have been disabled for this post