The company does not state in its notes how many employees are expected to accept the offer.
SaltWire Network Inc., an East Coast newspaper, offers options for voluntary acquisitions and employee time savings.
In a internal memo, the company states that its offerings are part of a constant shift from traditional newspapers to digital media companies.
Nancy Cook, Head of Persons and Processes at SaltWire, said in a note that the needs of the company are changing and need to be agile and ready to adapt to future changes.
The company does not disclose the number of employees expected to accept the offer, but keep in mind that there are multiple eligibility criteria and management must approve all requests.
In 2020, SaltWire permanently dismissed 109 employees who were part of a broader layoff caused by the decline in advertising revenue from COVID19, the company said.
SaltWire owns 27 media brands on the Atlantic coast of Canada, including Chronicle Herald in Halifax and Telegram in St. John’s, Newfoundland and Labrador.
Read More: Newspaper publisher SaltWire offering employee buyouts | CBC News
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