Metro Newspapers Asks Staff to Comment on Pay Cut Proposal

october 11, 2001  11:45 am
In an internal memo posted on Jim Romenesko's Media News Web site, Metro Newspapers asks its staff members for feedback on a proposed 5% pay cut, which it says is necessary to reduce the need for layoffs. According to the memo, company officers have already taken a 20% reduction in compensation, and top managers voted to cut their own pay by 10%.