The Guild was notified yesterday about the company’s plan to reduce the number of employees at the Portland Press Herald, starting with a voluntary severance program and followed by layoffs. In response to declining revenues, the company plans to reduce the number of employees at the Portland Press Herald by approximately 40 people, including represented employees and managers, although the final number will vary depending on who takes the buyout. All job classifications are eligible for the program. Between buyouts and layoffs, the workforce will be reduced by about 15 percent, according to our estimate.
The company will soon send information to workers spelling out the terms of the program and timeline. The program is similar to what the company has done in the past. People would get the same severance pay as if they were laid off and would be eligible for unemployment benefits. People who are interested must notify the company of their expression of interest by 5 p.m. on Sept. 27, and will have until Oct. 6 to withdraw.
More details from the company will be coming soon, perhaps later today, and the staff in Human Resources Dept. will be available to answer questions. The Guild stands ready to help people through this difficult process and to assure that the company follows the contract. Guild Administrative Officer Kathy Munroe can be reached at Guild office at 772-1202 or at email@example.com).
We have all been through this before, and we know we can count on Guild members to support each other during this time of financial upheaval. The Guild will schedule a meeting fairly soon to help answers questions and to provide more information as it comes available.