Categories: OLD Media Moves

Consumer Reports accepts buyout offers from 50 employees

Consumer Reports will accept buyout offers from 50 employees — all with at least 10 years of service — who will be leaving the company in the next few months.

The news was announced during a company town hall meeting Thursday with CEO Marta Tellado.

A company spokeswoman said that the employees whose buyouts were accepted will not all leave at the same time because they are working on various projects that they may need to finish. The employees include union and non-union members, she added.

Consumer Reports sent buyout packaged to eligible employees in April. The employees who are leaving come from departments across the organization, including editorial, said the spokeswoman.

Union members who work for Consumer Reports approved an 18-month contract extension and the personal finance magazine’s voluntary separation plan in early April.

Last June, Consumer Reports laid off 17 employees — six managers and 11members of the News Guild. Consumer Reports also created six new guild positions in its IT department. Those changes came after it revamped its top editorial structure and also dropped two publications.

Consumer Reports magazine has 3.6 million subscribers. There also are more than 3 million subscribers to Consumer Reports Online.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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