Entire National Post staff offered voluntary buyouts

TORONTO — All staff at the National Post have been offered buyouts, the latest in a series of cross-Canada cuts at Postmedia newspapers as the chain’s new owners try to cut operating costs.

TORONTO — All staff at the National Post have been offered buyouts, the latest in a series of cross-Canada cuts at Postmedia newspapers as the chain’s new owners try to cut operating costs.

A spokeswoman for the media chain confirms that employees received a memo last Friday giving them one week to accept the voluntary buyouts.

But Phyllise Gelfand says not everyone who accepts the offer will be eligible.

Postmedia Network Inc. has also offered voluntary buyouts to employees at its other papers, including the Ottawa Citizen, the Victoria Times Colonist, Vancouver Sun, Edmonton Journal and Calgary Herald.

The job cuts come a month and a half after the company — with about 5,500 employees — emerged from creditor protection.

The chain is Canada’s largest in terms of circulation and is made up of the former Canwest dailies.

Under the buyout plan, Post employees can get up to three weeks of pay for each year on the job up to a maximum of $125,000.

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