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Oct 6, 2011 5:31 PM by Gene Cotton

The Denver Post offers buyouts to shrink staff

DENVER (AP) - The Denver Post is offering voluntary buyouts to try to shrink its newsroom by up to 20 employees, or about 8 percent.

The newspaper reports that the move is due to financial pressures.

Employees age 55 or older and those with at least 10 years of full-time continuous service are eligible for the buyouts. The offer includes separation pay based on years of service and health insurance.

Editor Greg Moore said there could be layoffs if not enough employees take buyouts.

 

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