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New York Times to Lay Off News Service Workers
By: AP
The New York Times News Service, which repackages Times stories for other media outlets, is laying off up to 25 employees.
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AP The New York Times building. |
The New York Times [NYT
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] newspaper reports that those cuts don't count toward the 100 newsroom jobs the Times plans to eliminate by the end of the year. The 100 jobs amount to roughly 8 percent of the total in the newsroom.
The Times also will stop making contributions to the pension plans of nonunion workers, instead kicking in 3 percent of their salaries every year to their 401(k) plans.
The Times, like newspapers across the country, is rushing to cut costs as advertising revenue falls, hurt by the recession and competition on the Web.
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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