Dean Singleton, exit, stage left

[MileHigh]

Regional consolidation would be a disaster.

He's been doing it in NoCal and SoCal with predictable results. Nothing new.

 

[LanceyHoward]

Media News can always sell the presses they acquried to some third world publisher. The company can probably get a lot of the cost of the acquistions back.

 

[Sam Mills 51]

Media News can always sell the presses they acquried to some third world publisher. The company can probably get a lot of the cost of the acquistions back.

Well ... the presses that were in Fort Collins ended up in Durango, so one never knows ...

 

[MileHigh]

And the bazooka continues to be used. LANG gets slammed. Again.

http://www.laobserved.com/archive/2011/02/pay_cuts_for_everybody_at.php

5.5 percent pay cut starting Feb. 13 -- but to no less than $10 an hour (how generous). Management takes a 10 percent cut now.

"Unlike furloughs and vacation accrual freezes, the wage and salary reductions will not be temporary."

Here's the memo, with the usual bull**** of "sacrifices" and other management jargon.

http://www.laobserved.com/assets/LANG-memo-2-2-11.pdf

 

[Stitch]

And the bazooka continues to be used. LANG gets slammed. Again.

http://www.laobserved.com/archive/2011/02/pay_cuts_for_everybody_at.php

5.5 percent pay cut starting Feb. 13 -- but to no less than $10 an hour (how generous). Management takes a 10 percent cut now.

"Unlike furloughs and vacation accrual freezes, the wage and salary reductions will not be temporary."

Here's the memo, with the usual bull**** of "sacrifices" and other management jargon.

http://www.laobserved.com/assets/LANG-memo-2-2-11.pdf

Yep, it's a hard sacrifice for those execs. They'll have to cut down on their boat purchases this year.

 

[BitterYoungMatador2]

Gotta' wonder if this goes companywide. I think they announced furloughs at LANG in early 2009 and then eventually spread the news to the rest of the company.