AP Faces Possible Layoffs Before Year's End
October 30, 2009 at 4:28 AM (PT)
Layoffs or other staff reductions may be in store at the ASSOCIATED PRESS, as POLITICO's MICHAEL CALDERONE reports that the news service has not met its target for 10% payroll cuts by the end of the year. CALDERONE reports that a comment on the union listserv recently said that the company is 60% on the way towards its goal of a 10% payroll reduction.
A voluntary retirement offer thus summer resulted in just under 100 staffers taking the deal, according to CALDERONE.