New York Times Seeks Buyouts From 30 in Newsroom
Posted: 12/3/2012  |  By: Christine Haughney | New York Times
Aiming to cut costs in an increasingly troubled advertising environment, The New York Times announced on Monday morning that it would offer buyout packages to newsroom employees. While the primary goal of the buyout program is to trim managers and other nonunion employees from its books, the company is offering employees represented by the Newspaper Guild the chance to volunteer for buyout packages as well.