Layoff lowdown.(employees of New World fear staff layoffs after acquisition by News Corp.)(Brief Article)

Broadcasting & Cable, December, 1996

Employes at New World are beginning to get word of layoff severance packages now that the FCC has approved News Corp.'s acquisition of the company and New World has notified the rank and file that it expects the deal to close by mid-January. Some senior executives, already told of their fate, aren't too happy about the severance terms.

"You're being paid without anything to do, but at the same tune if you leave early, you lose your potential bonus or stock options," says one New World executive in that predicament. The executive says the policy has riled some because "publicly, h they say they're doing everything they can to help our people." According to a memo issued to employes by New World Communications Group President Arthur Bilger, laid-off employes...

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