Early retirement offer to eligible workers
We published this story today:
The News & Record announced Thursday that it has offered 24 employees voluntary early retirement packages in an effort to reduce costs.
"The newspaper industry is rapidly changing, requiring us to constantly review and adapt our business plans," President and Publisher Robin Saul wrote in a memorandum to the company's 500-plus employees.
Most of the eligible employees work in the newspaper's production department. Four are in the newsroom. Saul said that he would not know whether any of the positions would be filled until all of the eligible employees respond to the offer.
The packages are being offered to help the company lower its payroll costs while enabling it to continue to grow, Saul said. He emphasized that the program is voluntary, and there are no current plans for layoffs.
"The News & Record continues to be a strong company, and we believe taking this step is the most manageable way for us to achieve our business goals with minimal disruption to our current and future operations," he said.
Comments (2)
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Does the N&R offer health benefits to retirees? Will they continue to do so or is that "under discussion?" Was wondering if you were going the way of Cone Hospital?
Posted on January 20, 2006 2:15 PM
Sue, I'm no expert on this package because I'm not eligible and most of the details are private to those who are. However, to answer your question, the company offers health benefits to retirees until age 65 when Medicare kicks in.
Posted on January 20, 2006 2:33 PM