Categories: OLD Media Moves

Consumer Reports face layoffs unless pay cuts made

Paul Tharp of the New York Post writes Thursday that editors and writers at Consumer Reports face potential layoffs unless they take a pay cut.

Tharp writes, “Up to 21 writers, editors, researchers and scientists who test products are among those targeted for layoffs unless unionized workers of the New York Newspaper Guild agree by July 17 to management’s demand for givebacks. The main sticking point is a 3 percent raise due this year, costing about $1 million.

“The magazine — perennially profitable from its 9 million subscribers for print and online products — expects an operating loss next year due to the recession’s erosion of its customer base.

“The magazine, owned by the not-for-profit Consumers Union, doesn’t accept advertising and isn’t dependent on shrinking ad dollars.”

Read more here

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