Gannett’s severance package isn’t quite as generous as the Escambia County buy-out:
Severance Benefits
• One week of pay for each year of service (52 week maximum)
• Minimum two-week severance benefit
• Medical benefits will continue for the length of the severance period
• Employees laid off may begin receiving their pension plan and 401(k) benefits
(depending on applicable laws)
• Government unemployment benefits may also begin after severance benefits end,
depending on state law .
Read the internal memo.
BTW: Gannett owns the Pensacola News Journal.