I'd been told to expect news on the O buyouts/layoffs by the end of the week, and sure enough, here it is Friday and the shoe has dropped:
Citing a deteriorating financial picture, [O publisher Fred] Stickel said the work force must be reduced by a minimum of 100 full-time positions and an unspecified number of part-time positions. ...
The buyout offer is voluntary and gives employees with more than 10 years' experience two years of pay and two years of company-paid health care for themselves and dependents. It will be administered by seniority. As a matter of policy, The Oregonian does not use involuntary layoffs of fulltime employees to reduce staff.
As a measure, the Advance-owned Cleveland Plain Dealer offered buyouts to about 370 staffers on the 19th, but didn't say how many positions it had to reduce; the two papers are comparable in size.
WWeek is reporting that at least 50 of the 100 positions are inside the newsroom, "though it remains unclear if that number includes people who have already left the paper this year." WWeek has Stickel's letter to employees (Word doc, apparently, though WWeek says it's a PDF) as well:
[It] gives employees until Oct. 6 to accept the offer with the ominous note that the offer won't be repeated and that employees who remain may "be asked to take on additional duties, transfer to another job or location, work in another department, or work different hours.'
Stickel's letter also has details of the offer to part-timers — a “severance package” of two weeks pay per year of service and one year of continued medical coverage for the employee. (in comparison to the offer to full-timers of continued medical coverage for two years and their dependents.)
And the publisher's letter concludes with the statement "In closing, I repeat we have a serious financial situation here--by far the most serious in my 41 years as Publisher/General Manager. I strongly urge you to carefully consider the offer we are making. We need a significant number of you to accept."
WWeek also has a list of eligible employees that I'll take a dig through later; we have a birfday party to get to.










Jesus. Two years' pay AND health care? I'd take that in a minute.