Gannett Warns Of More Unpaid Furloughs; Layoffs Avoided — For Now

imageGiven its continuing financial woes, it’s not surprising that Gannett is requiring more unpaid leave for its 41,500 global workforce. Jim Hopkins’ Gannett Blog has the news, including chairman and CEO Craig Dubow’s memo detailing the latest bid to save costs.

Staffers earning $90,000 and above will be furloughed for two unpaid weeks in Q2. Those employed at the McLean, Va., headquarters are required to take one unsalaried week off; they’ll also will have a temporary pay reduction equal to one week

loading

Comments have been disabled for this post