| This one has been making the rounds and for good reason: the evil capitalist company is the New York Times. But it's not greedy when they do it, only when others do it. |
The New York Times News Service will lay off at least 25 editorial employees next year and will move the editing of the service to a Florida newspaper owned by The New York Times Company, the newspaper and the Newspaper Guild said Thursday.
A spokeswoman for The Times, Diane McNulty, said 25 of 30 news service jobs would be eliminated at the main office in New York, with five employees retaining their positions. The guild put the number of jobs to be cut at 28. Some of the layoffs were scheduled for February and the rest for May.
| Too bad, fellas, I'm sure you can find jobs at the other New York newspapers ... |
The layoffs do not count toward the planned elimination of 100 jobs in The New York Times newsroom. That 8 percent reduction is to take effect by the end of the year.
Also on Thursday, the Times Company told nonunion employees that it would stop making contributions to their pensions at the end of this year and would instead take the less expensive step of contributing 3 percent of their salaries each year to their 401(k) plans.
| Shave a buck here and there, adds up over time ... |
The Times did not say how much it would save with the changes in the retirement programs or the news service.
| Enough for Pinchy to pay his dues at the club ... |
The plan for the news service calls for The Gainesville Sun, whose newsroom is not unionized and has lower salaries, to take over editing and page design. Ms. McNulty said new jobs would be created at The Sun to handle the work.
The news service uses completed New York Times articles and re-edits them for wire distribution, using Associated Press style rules. They are trimmed to varying lengths for use by news organizations that subscribe to the service. It also produces products like weekly inserts for newspapers around the world with articles from The Times translated into other languages.
| Well at least they didn't out-source the work to The Hindustan Times! |
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