The Charlotte Observer is eliminating almost 15 percent of its work force, including 30 newsroom positions, while reducing the pay of most remaining employees.
The newspaper also plans to cut the hours of some workers. If economic conditions don’t improve, the McClatchy (nyse: MNI – news – people )-owned paper said Monday that a one-week furlough will be imposed later this year.
The Observer announced the cuts on its Web site. It said the 14.6 percent reduction means a loss of 60 full-time and 22 part-time employees in several departments, including advertising, operations, circulation, marketing and the newsroom.
Source: Forbes.com
