Lexington Herald Leader Cutting Staff By 15 Percent

LEXINGTON, Ky. (AP) - One of Kentucky's largest daily newspapers is laying off 49 full-time employees and cutting the salaries of remaining workers.

The Lexington Herald-Leader also reported on Monday that its top editor, Linda Austin, was departing after two years for a university job. Austin said the move was unrelated to the jobs cuts.

The newspaper said the layoffs are part of a cost-cutting plan. Publisher Timothy M. Kelly says the staff cuts account for about 15 percent of the company's total full-time equivalent employee base.

The plan includes a 5 percent wage reduction for employees who make over $25,000 annually. Newspaper executive pay will be cut by 10 percent and 2009 bonus plans will be eliminated.

Four part-time employees will also lose their jobs.

---Information from: Lexington Herald-Leader, http://www.kentucky.com

(Copyright 2009 by The Associated Press. All Rights Reserved.)




 
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