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Huntsville Times buyouts

Discussion in 'Journalism topics only' started by SouthernStyle, Jan 22, 2009.

  1. SouthernStyle

    SouthernStyle Member

    http://www.waff.com/Global/story.asp?S=9705323

    Buyouts in Huntsville. Will this stuff ever end?
     
  2. Angola!

    Angola! Guest

    Who owns this paper?
     
  3. SouthernStyle

    SouthernStyle Member

  4. Pencil Dick

    Pencil Dick Member

    I'm told by someone who works in the Rocket City that several longtime employees will leave with buyout checks in excess of $140,000, less a tax hit, and pretty decent insurance coverage. Says it's a generous "voluntary" buyout - if you're even close to retirement age, it's hard to turn down.

    The guy I know is eligible for 18 months' salary. In an area that's bucked the national trend with a relatively low jobless rate, he's got a couple of gigs possible and is giving serious consideration to getting out with a large chunk of change.

    Can't blame him for that.
     
  5. JackReacher

    JackReacher Well-Known Member

    Didn't they send McCarter to the Olympics? Bet they could have saved a few bucks there.
     
  6. Pencil Dick

    Pencil Dick Member

    Indeed they did.

    The H-Times also apparently had 5 or 6 employees in D.C. for the inauguration on the same day the buyouts were being announced back home, my source sez.
     
  7. SixToe

    SixToe Active Member

    Sounds as if that paper is printing money with its daily editions to send a writer to Japan and a group that size to D.C.

    Someone must be making some fat checks. It probably isn't in the newsroom.

    Any idea on the number they want to take the buyouts and how that will impact the writers?
     
  8. Pencil Dick

    Pencil Dick Member

    Beijing's in Japan now? Was there a trade? ;)
     
  9. SixToe

    SixToe Active Member

    China. Japan. Thailand. Beijing is somewhere over there. They're all a long way from covering Nick Saban and the Cow College.
     
  10. HejiraHenry

    HejiraHenry Well-Known Member

    If all buyout plans were as humane-sounding as this one ... but that's not the case.
     
  11. Fran Curci

    Fran Curci Member

    I'm told Huntsville hired someone just recently. Nice timing.
     
  12. HejiraHenry

    HejiraHenry Well-Known Member

    Read the story. This wouldn't affect new hires at all.

    Voluntary buyouts for employees over 60 with 5 years tenure or those of any age with at least 10.

    That is, in point of fact, how you clear the books to make new hires.
     
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