Thursday, November 10, 2011

Torstar plans buyouts, outsourcing

Torstar , the publisher of the Toronto Star, is offering immediate buyouts to editorial staff and plans to outsource ad-building, layout and editing duties, three Star journalists told Reuters today. The Star, Canada's biggest daily newspaper, wants to offer immediate layoff packages, reporter Richard Brennan wrote on his Twitter account. A second source, who declined to be identified, said the newspaper was planning a "major trim" of staff to be completed by the end of the year. The company has confirmed the buyout offer but said departures will be voluntary. It said it did not have a number for how many employees would take the offer.

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