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U-T Workers Get Layoff Notices

Three days after it completed the acquisition of the San Diego Union-Tribune, Platinum Equity notified 192 staff members that they would be laid off on July 6.

A source, who asked not to be named, said the across-the-board cuts included some senior reporters and editors. The affected employees were notified by senior management on May 7, and according to a statement by the newspaper, they will receive termination benefits and transition assistance. But no other details were given.

A memo staff members received earlier in the week said that 401(k) contributions, which had been cut earlier in the year by La Jolla-based Copley Press, the paper’s former parent company, were reinstated, and the pension plan was transferred to Platinum. Furthermore, the benefits package would remain the same until the end of this year, the source said.

The publication went on the block in July. There were at least three prior rounds of staff cuts within the last couple years. Like daily newspapers nationwide, the Union-Tribune has seen steep declines in both circulation and revenue in recent years.

Platinum did not say what it paid for the Union-Tribune, the county’s only major metropolitan daily.

, Connie Lewis

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