Thursday, July 2, 2009

Gannett Lay Off Will Total 1,400

Gannett Co., Inc. will lay off about 1,400 employees next week as the largest U.S. newspaper publisher continues to try to deal with a struggling economy and its impact on the company's advertisers.

In a letter sent to employees Wednesday, Bob Dickey, president of Gannett's U.S. Community Publishing Division, said newspapers across the country are finalizing plans to deal with local economic conditions and the plans would vary by community.

The company currently employs about 41,500 people after laying off about 10 percent of its work force last year.

Gannett owns more than 80 daily newspapers. Most are members of the Community Publishing Division

No comments: