Here's something you might be interested in.
Union-Tribune employees who were laid off in the recent round were told today (May 20) that they should leave Friday but will still be paid through July 6. They are cleaning out their desks now. This does not apply to some who were laid off, and whose services are needed. A letter received by laid-off employees says that medical/dental coverage will be extended until July 6, as will the 401K match, which had been cancelled by the prior management, but recently reinstated. Why should the new management make this move? Few believe it is altruistic. The scuttlebutt is that morale is already extremely low, understandably, and having axed employees around for another 60 days could only worsen things. A remote possibility is that the new management is planning to move the operation out of the building even sooner than expected.
Union-Tribune employees who were laid off in the recent round were told today (May 20) that they should leave Friday but will still be paid through July 6. They are cleaning out their desks now. This does not apply to some who were laid off, and whose services are needed. A letter received by laid-off employees says that medical/dental coverage will be extended until July 6, as will the 401K match, which had been cancelled by the prior management, but recently reinstated. Why should the new management make this move? Few believe it is altruistic. The scuttlebutt is that morale is already extremely low, understandably, and having axed employees around for another 60 days could only worsen things. A remote possibility is that the new management is planning to move the operation out of the building even sooner than expected.