News: Gannett Imposes Another Round of Furloughs in 2Q
The furloughs spelled out Monday in a company memo are being imposed to avoid laying off more employees as Gannett tries to offset a steep drop in advertising revenue.
Gannett owns USA Today and more than 80 other daily newspapers, including The Cincinnati Enquirer and 10 newspapers in central Ohio cities.
This marks the second time this year that most of Gannett's 41,500 workers have had to give up a week's pay. Most employees, including CEO Craig Dubow, were furloughed for at least five days during the first three months this year.
This time around, Gannett is requiring its higher-paid workers to relinquish up to two weeks pay during the April-June period.
Source: The Associated Press