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U-T Not Trimming Much Staff at NC Times

Yesterday (Sept. 24), Peggy Chapman, regional human resources director for Lee Enterprises, which is selling the North County Times to the Union-Tribune, wrote to Times employees that the "UT intends to bring on all employees as of October 1 in their current positions and salaries." Then she noted, "I must add that a handful of managers will not be presented offers from the UT, but they have been notified and will remain to help with the transition." (Note: companies making an acquisition often do not make significant layoffs until they determine the magnitude of job duplication.)

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Yesterday (Sept. 24), Peggy Chapman, regional human resources director for Lee Enterprises, which is selling the North County Times to the Union-Tribune, wrote to Times employees that the "UT intends to bring on all employees as of October 1 in their current positions and salaries." Then she noted, "I must add that a handful of managers will not be presented offers from the UT, but they have been notified and will remain to help with the transition." (Note: companies making an acquisition often do not make significant layoffs until they determine the magnitude of job duplication.)

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Comments
4

As you point out, the layoffs tend to follow, not precede, the change of ownership and control. I suppose this is good news for the staff, but now they wait for the other shoe to drop. It will.

Sept. 26, 2012

Your wisdom is always obvious, Visduh. I've been in financial writing for almost 50 years, including the conglomerate era. Before an acquisition or hostile takeover, the acquirer almost always says there will be no layoffs, or there might be force reduction, but only by attrition. It is seldom true. Best, Don Bauder

Sept. 26, 2012

U-T San Diego Official Statement

As with all mergers, there are consolidation realities to consider. Should the deal close, U-T San Diego will be looking for efficiencies where there are redundancies as it evaluates the best way to merge both organizations.

Sept. 27, 2012

Some NC Times people have already been axed. The U-T is saying here that there will be more. Best, Don Bauder

Sept. 27, 2012

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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