The Advocate offers buyouts to employees - KLFY News 10

The Advocate offers buyouts to employees

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BATON ROUGE, La. (AP) - The Advocate says it hopes to reduce full-time employment by 5 percent through a buyout offer to employees who have 15 or more years with the newspaper.

Under the plan, employees would get one week of pay per year of service, with a maximum of 26 weeks. Employees would have full coverage of health benefits until the end of the year and accrued vacation would be paid.

The newspaper is not offering the buyouts to employees in circulation and the press room, to information technology staff, sports reporters, advertising sales managers, electrical maintenance supervisors or production superintendents.

The buyout goal is 19 employees, the newspaper says, based on fulltime employment of 380 when businessman John Georges bought the newspaper in May.

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