200 Times employees take early retirement
August 18, 2008 at 4:27 pm by Wayne GarciaFully 40 percent of the locally experienced work force there over the age of 50, reports the Times media critic Eric Deggans:
In a memo to staffers this morning, St. Petersburg Times editor, CEO and [c]hairman Paul Tash tells staffers that strong response to the company’s early retirement incentives means “we can avoid the general layoffs I warned might be coming” when the voluntary retirement offer was closed.
Tash says 200 staffers across the company, 150 full time and 50 part time, accepted the enhanced retirement benefit, or 40 percent of all staff aged 50 and up with five years’ service or more.
