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Trouble down Newhouse way

Discussion in 'Journalism topics only' started by EStreetJoe, Jul 30, 2008.

  1. sportsed

    sportsed Member

    To be clear, the Newhouse pledge is that it won't lay off its employees. It's not a guarantee that its employees hold the same position in perpetuity.

    For example, when newspapers moved past its lead type days, Newhouse newspapers offered to retrain its employees whose positions were eliminated to develop new job skills.

    So Marty Mule was one of the many people in this business to have his position eliminated, but instead of simply offering him a buyout and an insincere thanks for his many years of service, the Times-Picayune offered to retrain him for another job. There was a buyout on the table if he didn't like the option available to him, but how is this considered bad business on the part of the company?

    Bad business is for a company to continue to hemorrhage red ink on the financial ledger without making the necessary decisions to remain economically viable for the long term. The alternative, of course, is to keep everyone gainfully employed until the company goes bankrupt, at which point everyone's job is then eliminated and no buyouts are offered because there is no money left.
     
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