But before those 500 people join the millions of us who are out there looking for jobs in this less-than-robust economy, I'm sure they'll be gratified to know that Belo "won't stop publishing or home deliver on certain days," according to the company's chairman and CEO.
"We think with the headcount reduction and getting cost reductions that are not related to people that if we can do this successfully, we've created some runway — and we don't have to risk alienating our loyal customers who expect a paper," Robert Decherd said in a conference call Tuesday.E & P observes that "[t]he latest round of job cuts amounts to more than one-sixth of the 2,950-person workforce. At the beginning of last year, A.H. Belo employed about 3,600 people."
E & P also reports that additional measures slated for April include eliminating retirement plan matching contributions and charging those who still have jobs to park in downtown Dallas lots.
I've parked in downtown Dallas lots before. And my guess is that public transportation will reap some unanticipated benefits from this move.
Too bad the same can't be said of the 500 souls who are about to receive their pink slips.
