DALLAS, Texas – Newspaper publisher A.H. Belo Corp. said Monday that The Dallas Morning News is beginning job cuts that were initially announced in January.
The staff reduction will impact 500 jobs across all of the newspaper’s properties, the Morning News said in a press statement.
The majority of the reductions will take place Monday and Tuesday.
‘Our company continues to face unprecedented economic challenges during this prolonged recession, making this staff reduction a very difficult but necessary decision,’ said Jim Moroney, publisher and CEO of The Dallas Morning News. ‘As The Dallas Morning News evolves to meet these challenges, we remain committed to serving our readers and community in important and unique ways.’
When the cuts were first announced, Dallas-based A.H. Belo (NYSE: AHC) indicated that the cuts would impact all of the newspaper chain’s operating companies and its corporate headquarters.
In September of 2008, the Dallas Business Journal reported that A.H. Belo completed a voluntary staff reduction in which 413 employees left with voluntary severance. The voluntary severance packages were completed a month after the company said it would be reducing its work force by 14 percent, or 500 full-time employees, by the end of 2008.
An involuntary work force reduction that occurred later in 2008 was expected in combination with the voluntary departures to result in $29 million in savings on an annualized basis.