Owner: MaineToday Media Inc.
Sept. 14, 2011 Oct. 14, 2011
“About 40″ employees will be laid off. The Portland Newspaper Guild said that represents about 15 percent of the paper’s employees. Press Herald Editor and Publisher Richard Connor said the paper is “feeling the effect of the economy like everyone else.”
Update: Twenty-three full- and part-time employees accepted a buyout offer; another 38 full- and part-time employees will be laid off by the end of October. The majority of the layoffs and buyouts are from the newsroom. MaineToday CEO Richard L. Connor blamed the economy: “Our business is inextricably tied to the national economy so, like other companies, we’ve had to confront declining revenue with a downsizing of the workforce,” he said in a prepared statement. “Nevertheless, it is difficult to part with talented and loyal employees, some of whom have contributed many years of service to our company, and none of whom is responsible for the economic conditions in which we operate.” (10.14.11)
Source: Kennebec Journal