For 270 The Dallas Morning News employees there is a new 3 letter bad word - R I F.
A. H. Belo Corporation emailed employees a letter saying the voluntary severance offer (VSO) extended to the Company's newspaper employees in July has been completed and 413 employees will leave the company - 270 at The Dallas Morning News.
In addition, BELO said an involuntary Reduction In Force (RIF) will be completed by mid-to-late October to achieve the necessary remaining workforce reductions. That means lay offs for many.
The RIF is limited to the news, production, customer retention call center, and Al Dia departments at The Dallas Morning News;
The combined workforce reductions are expected to result in a savings of more than $29 million on an annualized basis - blah blah blah " said Robert W. Decherd, chairman, president and Chief Executive Officer.
"These job actions are part of a restructuring of our newspaper operations that accelerates the allocation of resources to promising new print and online products while focusing our workforce on A. H. Belo's local content creation and sales capabilities. We greatly appreciate the dedication and service of all A. H. Belo employees who are leaving the Company under the voluntary severance program. I'm confident that we're taking the right steps to realign our resources to meet consumer and advertiser needs while maintaining the exceptional quality of A. H. Belo's journalistic products," he said in letter to all BELO employees.
