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As it continues to seek a buyer, The San Diego Union-Tribune announced today that it hopes to shrink its ranks through another a round of employee buyouts.
This is the third round of buyouts at the struggling newspaper in the past two years. The paper also laid off employees last January.
A post on the Union-Tribune website quoted company spokesman Drew Schlosberg as saying “the economic situation continues to be difficult. Like other media and newspaper companies, we must adjust our cost structure to match our revenue.”
The post didn’t disclose how many buyouts are sought nor whether the paper will layoff people if too few employees apply for the buyouts.
However, internal communications suggest that the newspaper hopes to eliminate about 76 positions, 31 of them in the newsroom.
The Union-Tribune, which put itself up for sale last month, says it has about 1,000 full-time employees.