Arab Today, arab today new york times offers journalists buyouts
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

New York Times offers journalists buyouts

Arab Today, arab today

Arab Today, arab today New York Times offers journalists buyouts

New York - AFP

The New York Times said Thursday it would offer buyouts to more than a dozen journalists as it seeks to cut costs in an \"uncertain\" economy. \"We are announcing today a limited buyout opportunity to newsroom volunteers,\" Jill Abramson, executive editor of The New York Times, said in an internal memo to staff obtained by AFP. \"By limited, that means we are looking at fewer than 20 buyouts across the newsroom, among volunteers who see the offer as being to their financial advantage at this time.\" Abramson stressed the offer was absolutely voluntary, and applied to Guild-covered and non-union staff at the iconic US newspaper. \"No matter how many people do or do not raise their hands, no one in the newsroom -- either Guild or excluded -- will be laid off as a result of this program,\" she said. The Times chief noted the company reserves the right to turn down certain volunteers if they work in areas of the newsroom \"where we feel we cannot reduce our numbers.\" \"While we remain as loyal as ever to Times journalism and journalists, the uncertain economy has posed a continuing and difficult challenge to The Times: how to rebalance our business for the digital age while remaining steadfast to the quality journalism that defines us?\" the memo said. For non-union volunteers, the Times is offering two weeks of salary per year of service, for a maximum of one year of salary. The buyout formula for Guild members provides three weeks of severance pay for each year worked, capped at two years of salary. The Times memo pointed out the business side of the newspaper also was tightening its belt, mostly by eliminating vacant positions.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new york times offers journalists buyouts Arab Today, arab today new york times offers journalists buyouts

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today new york times offers journalists buyouts Arab Today, arab today new york times offers journalists buyouts

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Media: آخر الأخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday