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Times-Union offering employee buyouts
Sep 30, 2015 12:03 am
Michael DeMasi reports in The Albany Business Review that the Albany Times-Union newspaper is offering buyouts. Announced in a staff memo Sept. 28, the buyouts are available to all of the paper's employees, who get two weeks pay for every year of service, with a minimum of 15 weeks and maximum of 52 weeks. "We do not like to see any more positions cut as our members are doing more and more work with pay that has been stagnant for eight years,” Guild President Tim O’Brien said in a posting on the union website. “On the other hand, we would much rather see employees leave voluntarily with cash in their pocket and health care coverage.” Read the full story in The Albany Business Review.