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Los Angeles Times publishing house: Management should comment on savings goals
Photo: Lucy Nicholson / REUTERS
There are signs of layoffs at the Los Angeles Times.
The approximately 143-year-old newspaper is planning to cut a "significant" number of jobs, employee representatives said and announced a one-day strike for Friday.
Meanwhile, the Los Angeles Times itself reported, citing people familiar with the matter, that the layoffs could affect at least 100 journalists, or around 20 percent of the editorial team.
"We are disappointed with the union's decision, but respect their right to strike," said the publisher's website of the Los Angeles Times.
Editor-in-Chief Kevin Merida resigned from his post last week after more than two years.
The employee representatives called on the publishing house's management to come to the negotiating table with constructive intentions and to make clear statements about savings goals.
This should then take place with as few layoffs as possible.
The decline in print subscriptions and the shift to digital business is causing problems for many newspapers.
Because sales are weakening, advertising revenue is also falling.
Many publishers have not yet found an answer to the question of how they could make enough money with journalistic content on the Internet.
mik/Reuters