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McClatchy to reduce work force by 10% more

The McClatchy Company, which owns the Lexington Herald-Leader, announced plans Tuesday night to reduce its work force by an additional 10 percent.

The cost restructuring will eliminate about 1,150 full-time equivalent employee positions.

McClatchy said half the cuts are from voluntary programs and attrition.

Over the next year, the company expects to save $100 million, excluding severance costs of $20 million.

The latest cuts follow an earlier round of voluntary staff reductions and layoffs at the Lexington Herald-Leader. The equivalent of about 17 full-time positions were eliminated in June.

The Herald-Leader had 375.7 full-time equivalent positions in August, according to publisher Timothy M. Kelly. He said Tuesday he didn't "have any announcements to make at this time."

The earlier staff cuts totaled about 1,400 full-time positions across McClatchy.

McClatchy, based in Sacramento, Calif., on Tuesday blamed the cuts on a "difficult advertising downturn."

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