McClatchy freezes wages
McClatchy, the struggling newspaper chain that made an ill-fated purchase of Knight Ridder in 2006, has just sent out a memo announcing that it is freezing employee wages across the entire company for the next year.
City officials repeated their call Monday for school unions to freeze their wages in 2011-12, this time before dozens of parents from Brien McMahon High School, where the likes of housemasters, school-to-career personnel and cooperative sports programs could be eliminated because of the budget crunch.