By: E&P Staff
The new owners of The Philadelphia Inquirer and Philadelphia Daily News have sent employees a letter warning of possible layoffs, but also saying they “will continue as the employer of all employees.”
The seemingly mixed message is simply a way to comply with the federal law requiring 60 days’ notice in the case of plant closings or mass layoffs. “Our intention is still exactly the same as it was before,” Robert J. Hall said in an Inquirer story Saturday by Nathan Gorenstein. “There will be no massive layoffs when we take over the company.”
Hall is the former Inquirer and Daily News publisher who will become COO when the new owner group, headed by the hedge funds Alden Global Capital and Angelo, Gordon & Co. take over.
That message was also echoed by Dan Gross, the Daily News columnist and president of the Newspaper Guild local. “They reiterated their commitment to offering employment to all current employees,” Gross said.