This past spring, the paper deleted about 150 jobs, citing weekly losses of $1 million. Apparently, not enough. From the story:
The Guild said the Chronicle's management may be willing to tolerate "some" additional losses, but that "the company clearly intends to reduce the gap to as close to break-even as possible during the fourth quarter."
Guild officials said they were told that the continuing decline in revenue is "worse than expected, mostly because of the weak economy and ongoing problems of the news industry," according to management. The Great Recession aside, newspapers have been suffering in recent years, as classified and other advertising shifts to the Internet, to other sites or at much lower prices, and as many younger consumers appear to have lost the newspaper-reading habit.
Guild representatives in Friday's discussions included Michael Cabanatuan, Gloria La Riva, Carl Hall and Doug Cuthbertson, according to the Guild, while Calvin Siemer, Annette Vedanayagam and Suzy Cain represented management.Hall confirmed to the Business Times via email that the union expects additional job cuts, "hardly a scenario that gives our members confidence that our sacrifices earlier this year are paying off." He said the Guild understands how tough times are, but that staffers at the Chronicle and other dailies wonder how many more jobs can be eliminated "before nothing is left" and newsrooms are wrecked beyond repair.
For a refresher on what we lose if the Chron goes under, go here. A better-than-average rant, if I say so myself. bk