Times-Shamrock Restores Staff Salaries
June 17, 2010 at 3:43 PM (PT)
Thanks to its improved financial situation, TIMES-SHAMROCK COMMUNICATIONS will restore employee salaries that were unilaterally cut in the midst of the recession, starting JULY 1st, reports the SCRANTON TIMES-TRIBUNE.COM. The 3-5% salary cuts to newspaper and radio personnel were instituted in APRIL 2009.
"Across the company, we have seen consistently improving revenue trends that indicate the economic recession is ending," TIMES-SHAMROCK CEO SCOTT LYNETT said. "During very challenging economic times, our team continued to outperform our industry peers and help position our family company to thrive in the future."
The pay restorations will come a month after the TIMES-SHAMROCK's employee furlough program ended on JUNE 1st.