Earlier today Editor & Publisher reported that the parent company of Birmingham’s daily newspaper (The Birmingham News), Advance Publications, let their staffers at their numerous newspapers know that the company’s long-standing “no layoff” policy was going to be no more as of February 2010.
Local media blog Media of Birmingham is reporting that employees with at least five years at the paper were offered buyouts with the news being shared by Wade Kwon via Twitter this afternoon.
We’re joining Birmingham Weekly in reporting that The Birmingham News has made an additional 7% average reduction in salaries for its full-time employees. They also announced the closure of all suburban news bureaus by September and layoffs of some part-time employees, though there are no additional furloughs expected for now.
We also learned that employees at The Anniston Star and its subsidiairies found out that they would also be experiencing a 10% reduction in salary, just days after launching its new website.
Ike Pigott broke both stories via Twitter earlier this afternoon.
Photo: Bob Farley/f8Photo
Posted in Business
Tagged AL, Alabama, Anniston Star, B'ham, Birmingham, Birmingham News, closing, layoffs, newspaper, part time, pay cut, reduction, salary, suburban bureaus
The long planned acquisition of Emageon by Boston-based AMICAS, Inc. was completed on April 3. As part of the purchase agreement, Emageon’s board of directors resigned their posts (scroll down). Shareholders concerned about the details of the merger filed a lawsuit in Boston early last month. A settlement agreement was reached on March 27 according to The Birmingham News.
Yesterday, employees at the Emageon’s Birmingham headquarters learned that it would be closing. According to buzz on Twitter beginning yesterday afternoon, they also learned of more than 100 planned layoffs (many in Birmingham) to take place by September 30.
Posted in Business
Tagged acquisition, AL, Alabama, AMICAS, Birmingham, Boston, Business, Emageon, jobs, layoffs, MA, Massachusetts, merger
Wade Kwon of Wade on Birmingham needs your help before 3 p.m. tomorrow to pick which haiku he’ll be reading at BMA Speaks (one more link in case the museum’s site is still down).
Samford tuned up for its marquee matchup on Saturday with a win over Georgia Southern tonight.
Lt. Governor Jim Folsom, Jr. launched an Alabama Health Initiative earlier today statewide called the Lt. Governor’s Challenge, not to be confused with the Scale Back Alabama! campaign that’s already in full swing.
In other health related news, while Children’s Hospital began its new green project with a wrecking ball earlier today, the St. Vincent’s system‘s new president & CEO, John D. O’Neil, announced that he’d be leaving his current job in upsate New York yesterday.
Finally, for those who saw our tweet earlier today about NBC 13, Alec Harvey gets confirmation.
Photo: Untitled (Lyric Theater). MGShelton/Flickr.
Posted in Last car
Tagged AL, Alabama, Alabama Health Initiative, basketball, Birmingham, Children's Hospital, contest, haiku, Jim Folsom, jobs lost, John D. O'Neil, Last car, layoffs, NBC 13, Samford, Scale Back Alabama, St. Vincent's Health System, Wade Kwon
Yep, that’s the word we’ve just received – BBVA Compass will announce plans to lay off nearly 10% of their workforce as early as later today. NOTE: They did announce it today – here’s NBC 13′s account via the Associated Press and The Birmingham News‘ post on their breaking news blog, where they confirm that 200 of the jobs will be lost in the Birmingham area.
We’re awaiting confirmation. It would be a major amount of cuts as well, reportedly 10% reduction in current staff numbers. When the last round of job cuts were announced in late November, the bank was reportedly employing more than 13.000 people across six states.
Sources report that internal emails indicated that 1,200 positions would be eliminated with individual notifications made “over the next couple of weeks.” Severance and placement services were also offered.
Posted in Business
Tagged 2009, Alabama, announcement, bank, BBVA, BBVA Compass, Birmingham, Compass, Compass Bank, information, layoff, layoffs