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Eugene newspaper starts to cut 30 jobs
Thursday, June 19, 2008 | No comments posted.
EUGENE (AP) — The Register-Guard newspaper is cutting 30 jobs because of what its publisher describes as an unprecedented shortfall in revenue.
Publisher Tony Baker said Wednesday that newspaper revenues have been $300,000 to $400,000 below budget projections each month this year because of the weak economy and a rise in newsprint prices.
Baker said 13 vacant positions will not be filled, and the newspaper is offering buyout and early retirement incentives. If the company does not meet its payroll reduction target through those options, layoffs will be necessary.
The Register-Guard currently has about 260 full-time employees.
The cuts at the Eugene newspaper follow a series of job losses at papers across the U.S. as the industry deals with slumping ad revenue because of the economy and the Internet.
Publisher Tony Baker said Wednesday that newspaper revenues have been $300,000 to $400,000 below budget projections each month this year because of the weak economy and a rise in newsprint prices.
Baker said 13 vacant positions will not be filled, and the newspaper is offering buyout and early retirement incentives. If the company does not meet its payroll reduction target through those options, layoffs will be necessary.
The Register-Guard currently has about 260 full-time employees.
The cuts at the Eugene newspaper follow a series of job losses at papers across the U.S. as the industry deals with slumping ad revenue because of the economy and the Internet.
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