Company exceeds $1.1 million savings goal through early retirements

News management exceeded its buyout goals this week through the early retirement incentive that expired Monday. In all, 27 Guild employees will be off the payroll by the end of the week. Their wages and benefits represent a savings to The News of $1.7 million, substantially higher than its goal of $1.1 million. The early … Continue reading Company exceeds $1.1 million savings goal through early retirements

The News will decide how many members can take the buyout.

The Buffalo News’ current buy-out offer is raising a number of questions among Guild members. Chief among them is how many members in each department will be allowed to take the offer and whether that number will increase because of higher-than-anticipated interest in the pension enhancement. The short answer to that question is easy. It’s … Continue reading The News will decide how many members can take the buyout.

What you need to know before deciding whether to accept The News’ buyout offer

The Guild has contracted with the financial consulting firm headed by Richard Schroeder to advise members considering the buyout offer. Richard is a former Guild president who manages the local’s investments. His firm’s expertise includes retirement planning and, in addition to helping members evaluate the buyout offer, Richard and his staff can provide general advice … Continue reading What you need to know before deciding whether to accept The News’ buyout offer