Jim Romenesko at the Poynter Institute has posted on his blog a memo giving the details to the 1,000 job cuts to be enacted company-wide at Gannett Co. Inc., parent company of The Des Moines Register and Iowa City Press Citizen.
Publishers are instructed to inform their staffs by today of the job cuts at their paper, as well as say things like “We would prefer no more reductions, but…we must keep expenses in line with revenue” and to those being let go: “We will thank them for their years of service and treat them in a way that acknowledges their valuable contributions.”
The memo also outlines the severance package that will be offered to those employees losing their jobs.
Severance Benefits
• One week of pay for each year of service (52 week maximum)
• Minimum two-week severance benefit
• Medical benefits will continue for the length of the severance period
• Employees laid off may begin receiving their pension plan and 401(k) benefits(depending on applicable laws)
• Government unemployment benefits may also begin after severance benefits end, depending on state law
The Des Moines Register told its employees today that 12 full-time and three part-time positions are being eliminated. In addition, 11 vacant positions will go unfilled.