The Oregonian's parent company, Advance Publications, is ending its long-standing policy of avoiding layoffs, Oregonian employees learned this morning in all-staff meetings. According to Steve Newhouse, chairman of the company's online division, the no-layoffs pledge will end in February 2010. Previously, The Oregonian had offered buyouts to reduce payroll. The paper is also adding six furlough days and charging employees for a quarter of their health insurance premiums.
UPDATE (8/5, 2:25pm): The Portland Mercury's Matt Davis has 13 tips for turning The Oregonian around.
Comments