From: "Kane, Michael G (Indianapolis)"
Date: Tue, 4 Nov 2008 18:46:16 -0500
To: Messages to INI
Conversation: Voluntary Severance Offer
Subject: Voluntary Severance Offer
November 4, 2008
TO: Star Employees
FR: Michael G. Kane
RE: Voluntary Severance Offer
The continuing decline in the economy overall and in the business conditions affecting our newspaper in particular requires a reduction in our expenses. You may have heard recently that across the Community Publishing Division, newspapers will be reducing payroll expenses by approximately 10%.
Along with my department heads, I am reviewing all aspects of our operations here at The Star to determine where additional jobs can be eliminated. Those job eliminations are expected to take place in early December, although special circumstances may dictate deferring the effective date a few weeks. Of course, those whose jobs are eliminated will receive severance, which will be one week of pay for each completed year of service, with a minimum of two weeks of severance and a maximum of 26 weeks of severance.
If any employee wishes to be voluntarily considered for this severance, you may submit your name to James Keough, Vice President of Human Resources, no later than noon on Tuesday, November 11, 2008. You would receive the same severance and should expect to depart along the same timetable. Of course, we must also work to preserve our operational strength as we go forward with this process, so I cannot guarantee that anyone who volunteers will be accepted, but your offer will seriously be considered.
Michael
1 comment:
Yup, same situation here at the J&C.
Post a Comment