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Modesto Bee offers buyouts to all full-timers


ASSOCIATED PRESS

12:59 p.m. August 19, 2008

MODESTO – The Modesto Bee is offering all its full-time employees buyouts, the newspaper's second round of buyout offers this year.

The offer was extended Monday to about 200 full-time employees, according to Bee publisher Margaret Randazzo, who said changes in the news industry exacerbated by tough economic times spurred the need for cuts.

Including the latest planned buyouts and other upcoming cuts, the newspaper is on track to shed more than 40 percent of its work force this year.

In April, the newspaper offered buyouts to about 100 of 455 employees, and 11 accepted. It laid off 15 non-editorial employees in June after its owner, McClatchy Co., decided to cut its work force companywide by 10 percent.

A plan to move the Bee's printing operations to Sacramento will cost another 33 full-time employees and 127 part-time employees their jobs by the end of September, according to Randazzo.

Monday's buyout offers come days after McClatchy announced a companywide pay freeze to hold down costs.

McClatchy told its employees Thursday that a yearlong freeze affecting its 13,000 full-time equivalent employees would take effect Sept. 1. The Sacramento-based company owns 30 daily papers, including The Sacramento Bee and The Miami Herald, as well as about 50 non-dailies.


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