Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Chicago Tribune Offers Staff Buyouts

CHICAGO, Jan. 16 (UPI) — Chicago Tribune management says editorial staff members will be offered voluntary severance packages in an operating cost-trimming move.

“We begin the year with a need to reduce costs as we face the continued financial pressures from a weak economy and structural changes in our industry,” Senior Vice President Gerry Kern said in a memo to the editorial staff.

“We are committed to taking action quickly, thoughtfully and fairly.”

The severance option was not open to senior management, the Tribune reported Monday.

Undisclosed was the number of voluntary separations the company would accept. However, if the firm did not meet its minimum on cutting costs, layoffs could be next. “Other actions may be required,” the memo said.

Staff members were offered two weeks of pay for their first year with the company and one additional week’s pay for every year they’ve been with the company after the first.

The Tribune, which publishes the Los Angeles Times, The Baltimore Sun and others, has been operating under bankruptcy protection since December 2008.

The business has struggled, as many newspapers have, with the transition to the digital age, which has cost newspapers in readership and advertising revenue.

“This work will continue,” Kern said. “Over time, some people will leave our organization while others will join it as we acquire the skills needed for the future.”


UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Chicago Tribune Offers Staff Buyouts”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.