Globe And Mail To Offer Buyouts, Aims To Cut $10 Million From Operating Budget
News Brief
Globe And Mail To Offer Buyouts, Aims To Cut $10 Million From Operating Budget
The paper will turn to layoffs if they can't hit their target

Globe and Mail staffers received some unfortunate news at a midday town hall Wednesday, where publisher Phillip Crawley told attendees that the newspaper is cutting costs by cutting staff.

“The company wants to reduce the portion of its operating budget dedicated to labour costs by $10-million annually,” Mason Wright, the chairperson for the Globe unit of Unifor 87-M, told Canadaland in a Twitter message. “They are offering a ‘voluntary separation package,’ and if they don’t hit the $10-million target with voluntary departures, they’ll turn to involuntary dismissals to make up the difference.”

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