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'The State' Cuts Jobs, Employs Furloughs

Published: June 24, 2009 10:17 AM ET
COLUMBIA, S.C. The State Media Co. says it will cut six positions and force most employees to take a week of unpaid leave by Nov. 30.
The company, which oversees The State newspaper and thestate.com, made the announcement Monday.
The company has offered buyouts and laid off workers twice in the last year.
It cited severe declines in advertising sales as a reason for the moves.
State president and publisher Henry Haitz wrote workers that he did not think revenues would rebound in the very near term, forcing the reduction and furloughs.
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