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Gannett offers buyouts to 160 in NJ

Discussion in 'Journalism topics only' started by PHINJ, May 10, 2008.

  1. PHINJ

    PHINJ Active Member

    Who didn't know this was coming? Still, 160 is a staggering total.

  2. NightOwl

    NightOwl Guest

    Good luck to those folks.

    Everyone I know at Gannett hates the job anyway.

    I guess there's a good reason for that.
  3. Ben_Hecht

    Ben_Hecht Active Member

    We love broccoli!
  4. Riddick

    Riddick Active Member

    Forgive my ignorance, but is there a difference between layoffs and buyouts? i realize accepting a buyout is voluntary and they layoff isn't, but is there a difference in the type of compensation package offered?
  5. Moderator1

    Moderator1 Moderator Staff Member

    It varies, Riddick.
    A buyout generally has a bigger payoff because they're trying to encourage people to go. But not always.
    A layoff? You're out and here's what you get, like it or not.
  6. spnited

    spnited Active Member

    Papers affected:

    The voluntary buyouts were offered to 166 full-time employees over age 55, with 15 years of service, at the Asbury Park Press, the Courier-Post in Cherry Hill, the Home News Tribune in East Brunswick, the Courier News in Bridgewater and the Daily Journal in Vineland. The Daily Record in Morristown was not involved in the buyout program.
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