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McClatchy Co. Offers Buyouts to Sac Bee Employees McClatchy Company offered employee buyouts to (More) McClatchy Company offered employee buyouts to Sacramento Bee Workers this past Monday.
To avoid company layoffs, the struggling newspaper encouraged voluntary severance.
The paper continues to compete against declining and limited advertising revenue with other newspaper and internet companies, who are also feeling the pinch.
Employees who took the early buyouts are expected to work through September 12 and will receive two weeks of pay for every year of service with the company.
Bee Executives said that they plan to enforce more job jobs just to compensate for loss of AD revenue. The Bee relies on 75% of its funds from advertising. (Less)
McClatchy: How Goldman secretly bet on the U.S.… NOTE: Because mcclatchy does not use an easily (More) NOTE: Because mcclatchy does not use an easily sharable video service such as youtube, I have uploaded their video here in order to drive traffic to their story, because it's an important one: www.mcclatchydc.com In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in US housing prices would send the value of those securities plummeting. Goldman's ... (Less)
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