Chicago Tribune cuts jobs, Tribune Co seeks approval for $13M in bonuses


Author: Ann Saphir

On the same day the Chicago Tribune cut 53 jobs from its newsroom, its parent Tribune Co. asked a Bankruptcy Court to approve of $13.3 million in bonuses and other incentive payments to 703 employees. Wednesday's layoffs leave the Trib with 430 workers in its newsroom. The payments are "vitally necessary" to reward employees for a difficult year and motivate them during the current year, according to Tribune's motion filed with the court Wednesday. The top ten executives in the company are not eligible for the payments.

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