St. Petersburg, Fla.
Owner: Times Publishing Co.
Effective: Sept. 12, 2011
Salaries for full-time employees will be cut by 5 percent until January 2012. Those employees will get five additional paid days off during that time period. Officials said the plan will save about $1 million in payroll costs. Part of the company’s plan “will also likely include further job reductions, though officials could not say how many jobs would be cut or when.”
Source: St. Petersburg Times via Paper Cuts tip; Paper Cuts tips
Update: At least six, and likely more, newsroom employees were laid off on Oct. 10. “In announcing the recent pay-cut/extra days off program, (CEO) Paul Tash said some job eliminations could be expected; they have begun around the company,” editor Neil Brown wrote in a memo to employees. “In the newsroom, we will say goodbye to some dear co-workers and friends over the next couple weeks.” Brown did not say how many employees would be laid off. In a Tampa Tribune blog post, a laid off copy editor/page designer estimated 10 employees were laid off; Paper Cuts sources have so far confirmed six, but cautioned layoffs were expected to continue through the middle of the month. (10.14.11)
Sources: Tampa Tribune; Romenesko; Paper Cuts tip
Update: The Times cut 6 percent of its workforce over a six-week timespan. (11.03.11)
Source: St. Petersburg Times
Update: At least 14 newsroom employees were laid off. Do you know the final number? Leave a comment or send me an email: email@example.com. Emailed tips are anonymous. (11.05.11)
Source: Paper Cuts tip
Update: The 5 percent pay cuts were extended through May 2012. “Despite the extension, we will still regard this measure as temporary. While it continues, you will keep getting an extra day off per month,” chairman Paul Tash said in a memo. “I thank you deeply for your patience, and I pledge that we will not draw upon it any longer than necessary. As staffers, the best thing we can do is take every possible dollar of revenue for the Tampa Bay Times. That is the route to success for the company, and for ourselves.” The St. Petersburg Times was renamed the Tampa Bay Times on Jan. 1, 2012. (02.16.13)