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'Toronto Star; Offering Staff Buyouts
- Reuters, Friday, November 11, 2011 4:13 PM
More on the always depressing newspapers-in-financial-trouble beat: The Toronto Star, Canada's biggest daily newspaper, will be offering buyouts to editorial staffers as "a voluntary program for anybody who's wishing to exit on their own terms," notes Chief Financial Officer Lorenzo DeMarchi.
The paper is planning a 'major trim' of staff to be completed by the end of the year," that may include outsourcing of editorial and graphic duties, according to anonymous Star journalists cited in this report.
