In June, Postmedia announced a restructuring plan that included
10-per-cent cut in salary expenses.
H.G. WATSON | J-Source
[~] There has been a steady stream of departures from Postmedia over the summer months.
In late June, the company announced that it was going to cut its salary expenses by approximately 10 per cent through voluntary buyouts and layoffs by the end of August. “We are doing this so that those who find the pace of change and dramatic transformation difficult can choose to leave the organization,” wrote Paul Godfrey, executive chairman and CEO, and Andrew MacLeod, president and chief operating officer, in a memo that was sent to staff on June 26.
The cuts were part of a restructuring that saw six newspapers closed and four papers shutter their print publications.
Phyllise Gelfand, Postmedia’s spokesperson, told J-Source that there had been a “number of departures” through their voluntary buyout program, but they had no specific numbers of people who had taken them at this time.
Martin O’Hanlon, the president of CWA Canada, a union which represent a number of Postmedia newsrooms including The Ottawa Citizen, Montreal Gazette and the Regina Leader-Post, said in an email to J-Source that there was a “relatively small” number of departures through the voluntary buyout program. There were a total of four people whose buyouts were accepted at the Citizen.