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Postmedia shutting down Manitoba newspapers amid COVID-19 – THE SVG ONLINE

Postmedia shutting down Manitoba newspapers amid COVID-19

Postmedia Network Inc. says it will lay off about 80 employees and permanently close 15 community newspapers — including several in Manitoba — as the newspaper conglomerate navigates the financial fallout of COVID-19.

CEO Andrew MacLeod said in a memo to staff that as well as the Manitoba closures, paper shutdowns will also happen in Ontario’s Windsor-Essex area.

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About 30 people will lose their jobs as a result of the permanent closures.

READ MORE: Bus driver layoffs announced during City of Winnipeg coronavirus update

The company will temporarily lay off about 50 people in its sales and sales operations teams for three months, after which it will re-evaluate the decision.

MacLeod says all staff earning $60,000 or more, except commissioned advertising sales representatives, will receive a salary reduction for at least three months.

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The CEO will take a 30 per cent pay cut, while pay cuts for other staff will vary between five per cent and 20 per cent depending on their position.

1:15Manitoba unions wary of provincial work-reduction proposal
Manitoba unions wary of provincial work-reduction proposal

© 2020 The Canadian Press

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