Gannett Co. Inc. has eliminated 206 positions at its six newspapers in New Jersey due to declining advertising revenues and the severe economic downturn afflicting the state and the nation.
The company began notifying the affected employees Tuesday at the Daily Record, the Asbury Park Press in Neptune, the Courier-Post in Cherry Hill, the Home News Tribune in East Brunswick, the Courier News in Bridgewater and the Daily Journal in Vineland.
“The economic downturn we are facing is severe and is expected to last throughout next year,” said Thomas M. Donovan, president and publisher of the Asbury Park Press and vice president of Gannett’s East Newspaper Group. “We have reduced expenses significantly throughout this year. But, unfortunately, as we looked ahead to economic forecasts for 2009, it became clear that we needed to make further reductions.”
Employees who were laid off received severance benefits commensurate with their years of service.