OLD Media News

Philly Inquirer to sell printing facility, layoffs expected

The Philadelphia Inquirer is planning on selling its Schuylkill Printing Plant, which was built in 1992. The move will force the paper to make about 500 of the 550 plant workers redundant. They represent about half of the Inquirer’s workforce of 1,073.

The company is expected to farm out print production to a Cherry Hill, New Jersey printing plant owned by Gannett Co., Inc., with the closure of its own facility saving the company an estimated $19.3 million annually in operating expenses.

John Dagle, president of Teamsters Local 628, which represents about 300 of the workers in danger of losing their jobs, said the announcement was unexpected.

The news was announced by the Inquirer’s publisher and CEO Lisa Hughes, in a memo.

“While the sale is not yet final, we recognize how deeply unsettling and distressing this is to employees at the printing plant,” Hughes wrote. “They have served our readers tirelessly, with dedication and devotion to the craft. Many of them have spent decades with the company – and all performed their jobs valiantly when the pandemic arrived.”

Read more here.

Mariam Ahmed

Recent Posts

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

9 hours ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

2 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

2 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

3 days ago

Deputy tech editor Haselton departs CNBC for The Verge

CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…

3 days ago

“Power Lunch” co-anchor Tyler Mathisen is leaving CNBC

Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…

3 days ago