By: E&P Staff
Slammed by plunging advertising revenue and the Michigan economy struggling with the demise of the auto industry, the Detroit Media Partnership announced on Monday it was seeking buyouts from 150 employees representing 7% of its total workforce.
The partnership publishes The Detroit News and the Detroit Free Press.
“The environment in which newspapers operate continues to worsen rapidly, and the Detroit Media Partnership faces unique challenges because of the state’s business and economic climate,” Dave Hunke, CEO of the partnership, wrote in an e-mail to staffers. “We must take several actions immediately.”
This is the second round of buyouts since October when the partnership sought 110 jobs.
In addition the partnership is shuttering the publication of Twist and Community Free Press sections.
The partnership is extending the buyouts to non-union workers and if the union agrees during negotiations the packages could be offered those employees as well.
The packages include two weeks of pay for every year of service up to 52 weeks and health benefits for staffers at least 45 years old with 10 years of service.
The partnership will review the list of volunteers after July 18.