Posts tagged buyouts
USPS Offering Up To $15K In Early Retirement Buyouts To Certain Employees: Here’s Why
January 16, 2025 // The Memorandum of Understanding was signed to cut down on staff in 'overstaffed' facilities. "As a result of our capital investments in state-of-the-art mail processing equipment and changes to our network, the Postal Service needs to reduce staffing in those facilities that are overstaffed as we continue to provide prompt, reliable, and efficient service to all communities," a USPS spokesperson told Federal News Network.
Stellantis to lay off thousands of Warren union workers, UAW responds
August 13, 2024 // According to the Associated Press, Stellantis may lay off as many as 2,450 of the 3,700 workers at its Warren automobile plant. The job cuts would be at the Stellantis Warren Truck Plant, which builds an older version of the Ram 1500 pickup called the Tradesman, sold mainly to commercial businesses. The company came out with a new version of the truck in 2018, and for the 2025 model year there's a new Tradesman.
70% of Unionized Daily Beast Staffers Take Buyouts as Layoffs Loom
June 19, 2024 // The Daily Beast Union has 37 members. In addition to the buyouts, the union has negotiated a tentative two-year collective bargaining agreement with management that will benefit all members regardless of whether they are taking a buyout. In the agreement, the union secured retroactive pay increases from January 1 for all members. In April, former ABC executive Ben Sherwood and former Hearst executive Joanna Coles were granted a minority stake in the news site, with Sherwood serving as CEO and Coles serving as chief content and creative officer. Since its creation in 2013, The Daily Beast has lost owner Barry Diller tens of millions of dollars.
‘Washington Post’ journalists stage daylong strike under threat of job cuts
December 7, 2023 // It is not alone in that regard. Cuts have plagued the industry, encompassing legacy media outlets including NPR, the Los Angeles Times, Gannett's newspapers and New York Public Radio, as well as Vox, Vice Media and BuzzFeed. Spotify announced this week that it would lay off 17% of its staff.
The Fort Worth Star-Telegram strike marks a major moment for Texas newsroom unions
December 6, 2022 // When 21 reporters from the Fort Worth Star-Telegram announced their intention to walk out Monday, it made headlines. But as the first open-ended newsroom strike in Texas history, it was also a big step for the state’s fledgling newsroom unionizing efforts. In addition to the Star-Telegram newsroom, reporters at the Dallas Morning News and Al Dia; and the Austin American-Statesman unionized as news guilds in the past two years. The Star-Telegram is owned by McClatchy, the Statesman by Gannett, and the Dallas Morning News and Al Dia are owned by DallasNews Corp. All three unions are in the process of negotiating contracts and all of them have cited pay issues as a major driver.
BuzzFeed Union Overwhelmingly Votes in Favor of Strike Authorization
March 31, 2022 // “People are fucking pissed, this was absolutely the most aggressive union-busting tactic our management has taken in the three years since this union pushed them to even recognize them,” BuzzFeed News Union chair Addy Baird told The Daily Beast.