Notice it says the first quarter.
Gannett Co Inc, the largest U.S. newspaper publisher, will make workers take a week off without pay because of what it called some of the most difficult economic conditions it has ever experienced.
“This means that most of our U.S. employees — including myself and all other top executives — will be furloughed for the equivalent of one week in the first quarter,” Chief Executive Craig Dubow wrote in a memo to employees on Wednesday.
Gannett, which publishes USA Today, the largest U.S. newspaper by circulation, is instituting the furlough after cutting thousands of employees from its payroll to deal with a severe decline in advertising revenue.
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