Globe and Mail offering buyouts

The Globe and Mail has offered voluntary buyouts to 40 of its approximately 650 staff in a bid to "right-size" its business, the Hamilton Spec reports.

Publisher and chief executive Philip Crawley said the newspaper expects to know how many volunteers will take the severance packages by early October.

Crawley said the reason for doing this is to "right-size the business as it adjusts to market forces."

He said the offer is open to all managers and staff, union and non-union, and that those leaving voluntarily or involuntarily will be gone by the end of November.

The story