Add the Post-Dispatch to the list of bleeding old-media companies that are forcing everyone they can [read: non-union employees] to take a one-week unpaid furlough.
The St. Louis Post-Dispatch has ordered all 300 of its nonunion employees to take a one-week unpaid furlough.
The newspaper also suspended all 2009 merit raises for nonunion workers and the company match for its 401(k) program.
The Post’s parent, Davenport, Iowa-based Lee Enterprises (NYSE: LEE), is $1.3 billion in debt, mostly due to its acquisition of Pulitzer Inc. in June 2005.
You really have to wonder how long the Post-Dispatch will be along this form.
Any of you work at the PD? What’s the vibe like there? Send stories to tips[at]punchingkitty.com or just leave a comment.