NEW YORK- Add The Day of New London, Conn., to the list of newspapers announcing week-long unpaid furloughs aimed at saving money.
The Day revealed the plan in a weekend story that said “it will require all employees to take a week off without pay to shore up its bottom line, which has been bruised by a lingering recession and declining advertising revenues.”
Publisher Gary Farrugia added that the furloughs by the company’s 308 full- and part-time employees will save some $300,000 in annual expenses. The move requires employees to take their one-week furlough before the end of June, the story said.
The Day, which is locally owned by a not-for-profit trust, joins a growing list of newspapers announcing furloughs, including all Gannett U.S. properties and numerous MediaNews Group outlets.
-Editor & Publisher