This just in… The McClatchy company is announcing a one-year freeze in employee wage increases.
This means that if you are scheduled to receive a merit or salary review between September 1, 2008 and August 31, 2009, your review will occur one year later than scheduled. For example, if your next salary review date is March 1, 2009, the salary review will be postponed until March 1, 2010.
Ouch. The tough times continue. And two weeks’ notice, that’s rough. However, if you’re working for McClatchy and you’re…still working for McClatchy, this is somewhat of a relief?
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Will the price of the Bee change between now and August 31, ‘09? Because if it does, and McClatchy has frozen its wage costs, that means they are inherently unprofitable, after taking materials and other non-wage operations costs outta’ income. So keep an eye on the cost of the Bee this year. If it changes (it won’t be going down), I wouldn’t do any “long term pre-pay” subscriptions.
posted 8/15/08 at 7:16 am #
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