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Nov 25, 2008

A creative way to save money?

The St. Paul Pioneer Press is offering an unusual option to employees in an effort to save some money without laying off any more employees, according to MinnPost.com.
According to a memo last week from Editor Thom Fladung, the paper has "decided to offer unpaid leaves of absence to all employees." He deferred further comment to PiPress publisher Guy Gilmore.
Spokeswoman Pat Effenberger says the program "provides an option for employees seeking flexibility, along with some limited cost-savings for the company."
The paper doesn't expect high participation, but sees the move as a simple way to save at least a little money in troubling financial times.
It also means the paper can refrain from cutting any more employees. Some worry that the paper's staff is already wearing too thin, putting its status as a daily paper at risk.

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