LEXINGTON, Ky. (AP) -- With circulation declining, the Lexington Herald-Leader has told employees it will offer voluntary buyout packages this month to reduce its work force.
Publisher Timothy M. Kelly told employees Tuesday that the company expects to accept about 4 percent of the paper's 385 full-time employees and managers for the program. That would be about 15 employees, but the newspaper says the actual total could be different.
Employees have to accept or reject the offer by May 23rd, then the company has a week to decide which employees will be included, and the selected employees' last day will be June 6.
The packages will include financial benefits and extended coverage from the company's health insurance plan.