Harper Offers Voluntary Retirement
-- Publishers Weekly, 1/27/2009 9:13:00 AM
HarperCollins is offering voluntary retirement packages to employees over age 55 and with at least five years experience. The offers went out this morning and the company would like to hear back by February 3 from those who are interested in the buyout. Spokesperson Erin Crum wouldn't disclose how many positions HC is looking to cut, but a large number of packages are reported to have been prepared. Employees in the New York headquarters, Los Angeles and San Francisco are eligible for the packages as well as employees in the Scranton warehouse. Crum wouldn't rule out the possibility of layoffs down the line, noting that "given the uncertainty of the times we're looking at all options to control costs."
