Community Newspaper Holdings Inc. has become the latest chain to furlough its employees for a week because of declining revenue. "The plan was announced Thursday at all CNHI organizations and will include a five-day furlough in the second quarter for every employee, including part-time workers," reported The Richmond Register, a CNHI daily in Kentucky. The company publishes 140 papers.
The story noted that Gannett Co. Inc. and Landmark Community Newspapers Inc. have adopted the furlough method. “Until we see meaningful recovery in the economy, we must reduce expenses while maintaining our ability to serve our customers and readers,” CEO Donna Barrett said in memo. “We believe we have found a solution that should help us avoid future staff reductions.” (Read more)
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