Thread regarding Tribune Company layoffs

Tribune Publishing Severance Package - DEAL OR NO DEAL

Tribune Publishing severance packages must be completed by October 23 by employees - they plan on cutting 10 million dollars, the higher execs will then take 2 weeks to decide who is approved and who is not due to the nature of their work and the need, then folks will begin to drop as of November 25. The packages include health and retirement benefits - depending on how long you've worked for the company. 10 yrs or less is 1 week for every year worked. Doesn't get much better from there as far as longevity. Folks with the company 27 years or more will only see 52 weeks of baseline pay. More cuts are planned in round two, which may or may not include health options. The first quarter of 2016 will be interesting – even more losses all the way around will be presented. The morale is low, pay raises have not occurred for over 7 years, and stress is high with NIIT (jobs outsourced to India) in control soon.

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It is ashame and appalling that yet again the big CEO's put the poor/middle class out of work again!

Post ID: @h7UY+DS0gMAs

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