{"id":36045,"date":"2019-05-09T14:58:18","date_gmt":"2019-05-09T18:58:18","guid":{"rendered":"http:\/\/mileniostadium.com\/?p=36045"},"modified":"2019-05-09T14:58:18","modified_gmt":"2019-05-09T18:58:18","slug":"globe-and-mail-offers-voluntary-buyouts-in-effort-to-save-10m-annually","status":"publish","type":"post","link":"https:\/\/mileniostadium.com\/canada\/globe-and-mail-offers-voluntary-buyouts-in-effort-to-save-10m-annually\/","title":{"rendered":"Globe and Mail offers voluntary buyouts in effort to save $10M annually"},"content":{"rendered":"
The Globe and Mail has offered its employees a voluntary severance program in an effort to cut costs.<\/p>\n
Globe employees were told Wednesday that the newspaper is looking to cut $10 million annually from its operating budget.<\/p>\n
A Globe spokeswoman says employees have until May 29 to enrol in the voluntary program and the company will decide in July if involuntary layoffs are necessary.<\/p>\n
The Globe and Mail last offered voluntary severance to its employees in 2016.<\/p>\n
The Globe and Mail is wholly owned by the Woodbridge Company Ltd., a private holding company that acts as the primary investment vehicle for Toronto’s billionaire Thomson family.<\/p>\n<\/div>\n<\/div>\n