The Los Angeles Times newsroom will receive a 20% cut in pay and hours over the next three months, as the paper looks to save $2 million. The paper has seen advertising virtually dry up amid the pa…
newsroom will receive a 20% cut in pay and hours over the next three months, as the paper looks to save $2 million.
The paper has seen advertising virtually dry up amid the pandemic, and had previously given furloughs and pay cuts to some non-union workers on the business side. The L.A. Times Guild, which represents newsroom employees, issued a statement saying that the company had agreed not lay anyone else off for the remainder of the quarter.
“We are thankful that management accepted our proposal to avert layoffs, but this is a painful cut,” the statement read. “Like the vast majority of newsrooms across the country, The Times has lost significant revenue due to theThe Guild described the pay reduction as a “work sharing” program, whereby employees will work 20% fewer hours between May 10 and Aug. 1. According to the Guild, the agreement averted more than 80 layoffs.
“Workers maintain health and retirement benefits and are allowed to collect prorated unemployment benefits to offset lost wages,” the statement said. “When the downturn ends, hours are restored.”since the pandemic began, and some a handful of outlets have shuttered entirely.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
20 OMG Moments In 'Pretty Little Liars' History That I'm Still Not OverEven 'A' would agree.
Read more »
Strengthen Your Lower Body With This Trainer's 20-Minute WorkoutGrab your dumbbells (or a dumbbell alternative) and get ready to work your lower body with this quick and effective 20-minute workout. Stephanie Sanzo, a SWEAT
Read more »
Adrienne Bailon Shows Off 20-Pound Weight Loss in Bikini PicAdrienne Bailon flaunted her toned physique in a steamy bikini picture after revealing she had lost 20 pounds. Learn more about The Real star's fitness journey here.
Read more »
20 Of The Best Personalized Mother’s Day GiftsFinding that special something for an annual occasion, such as Mother’s Day, isn’t always a straightforward task — and one that can come with a fair amount of desperation.
Read more »