More Than 400 Staffers Request Buyout at Star-Ledger, Only 230 Needed
via newseum.org
Donald Newhouse wanted 200 Star-Ledger staffers to raise their hand and request a buyout. If a few more asked, he said he would accept up to 230.
Today, the New York Post's Keith Kelly reports that far more Ledger staffers actually want the buyout. A whopping 409 employees have requested a buyout, leaving Mr. Newhouse, publisher George Arwady and editor in chief Jim Willse in the position of buying out 230 people, and turning away 179.
The paper employs a non-union workforce of 756 people, meaning more than half of its employees have requested to jump ship.
To be snarky: If all 400 STAR-LEDGER employees do get a buy out-they can leave NJ. Having to live through a long depression is bad; having to live through a long depression in Jersey would be much worse.