Magazine article Editor & Publisher

WSJ Lays off 13, Hires Lawyers

Magazine article Editor & Publisher

WSJ Lays off 13, Hires Lawyers

Article excerpt

WSJ lays off 13, hires lawyers

The Wall Street Journal has laid off 13 employees effective Nov. 1.

The toll -- six full-time telemarketing staffers from Cincinnati and seven part-time retail sales checkers from other offices -- follows 70 layoffs a year ago.

Spokesman Roger May said the move closes the Cincinnati telemarketing office as part of a consolidation "for efficiency." It cuts the number of telemarketing offices to 11, from 14 a year ago.

Dow Jones retains about 9,600 fulltime employees.

Ron Chen, president of the Independent Association of Publishers' Employees, the unaffiliated union that represents Dow Jones workers, said the layoffs "appear to be unjustified and timed to prevent the company from paying out retirement benefits to several of the dismissed employees."

"Not true," said May.

Employees with less than 10 years seniority lose their profit sharing for the year in which they depart from the company.

The union contrasted this year's layoffs with last year's, which were effective Dec. 31 and allowed furloughed workers to collect their year's profit sharing, ranging of up to 15% of annual pay. …

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