Poynter Online posted a memo from John Temple, editor, publisher and president of the Rocky Mountain News, announcing 20 voluntary separation packages to employees who meet tenure and age credentials, in addition to a newsroom restructuring plan.
A newsroom meeting was scheduled for 4:30 p.m. MDT on Wednesday.
UPDATE: According to sources at the paper, the buyout offer is a week’s pay for every six months of service, up to a maximum of 52 weeks. Assistance for extended health care benefits will be provided unless the retiring person is eligible for Medicare. If less than the targeted 20 staffers take the offer, no one will be forced out. Positions will simply be lost by eventual attrition.