The Austin American-Statesman has announced a voluntary early retirement program for employees 55 or older.
Publisher Michael Vivio spoke about the decision in a news release:
“During this time of economic difficulty, businesses are finding ways to operate more efficiently, and we are no different. The early retirement program is strictly voluntary and empowers eligible employees. Programs such as this are positive ways we can impact our bottom line while still keeping the interests of employees at the forefront of our business.”
About one-third of the 130 eligible employees are expected to accept the package, Vivio said. He added that there is no contingency plan if fewer employees accept the offer.
The Statesman is home to longtime staff cartoonist Ben Sargent.