MaineToday cuts 61 employees
MaineToday Media is shedding 61 jobs, most at the Portland Press Herald/Maine Sunday Telegram, following a round of voluntary buyouts and layoffs.
Richard Connor, CEO of parent company MaineToday Media, announced today that 38 full- and part-time Press Herald employees will be laid off in two weeks, and another 23 employees companywide agreed to take buyouts, the paper reported. The majority of the reductions will come from the news/editorial department. Full-time employees being laid off will receive two weeks of severance pay for every year of employment. Three people who accepted the buyouts were employed by sister publications the Kennebec Journal and the Morning Sentinel, but no employees at those papers were involuntarily laid off. Connor attributed the cuts to the poor economy and declining advertising revenue.
The Portland Newspaper Guild last month said it had been notified that the publication planned to shrink its work force by 15%. The Bangor Daily News last month also announced it was offering voluntary buyouts to all of its 230 employees with the expectation of cutting up to 30 jobs.
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