Harder! Faster! They are calling them “buyouts” but we know whats what. Anti-Trump media, embrace the suck!
First CNN now Globe And Mail To Offer Buyouts, Aims To Cut $10 Million From Operating Budget
The paper will turn to layoffs if they can’t hit their target
News Brief By Jaren Kerr, Canada Land, May 8, 2019
Globe and Mail staffers received some unfortunate news at a midday town hall Wednesday, where publisher Phillip Crawley told attendees that the newspaper is cutting costs by cutting staff.
“The company wants to reduce the portion of its operating budget dedicated to labour costs by $10-million annually,” Mason Wright, the chairperson for the Globe unit of Unifor 87-M, told Canadaland in a Twitter message. “They are offering a ‘voluntary separation package,’ and if they don’t hit the $10-million target with voluntary departures, they’ll turn to involuntary dismissals to make up the difference.”
Wright told Canadaland that employees from all departments, unionized and non-unionized, will be eligible for a voluntary buyout. In a memo to union members (embedded below), Wright wrote that union leadership asked the company for “more generous voluntary separation terms in an effort to minimize the impact on the workforce, but that suggestion was rejected.”
The deadline to apply for a voluntary buyout is May 29.
The Globe offered voluntary buyouts to employees in 2016, aiming to cut 40 employees.
Wright said the paper currently has “about 635” employees.
The Truth Must be Told
Your contribution supports independent journalism
Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.
Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.
Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.
Please contribute to our ground-breaking work here.
Make a monthly commitment to support The Geller Report – choose the option that suits you best.