NPR

NPR Plans 10% Staff Buyouts; Names New Interim CEO

As it seeks to get its budget out of an operating deficit, NPR has revealed plans to offer contract buyouts to 10% of its 840 employees. Any full or part-time employee who has been with NPR for three years continuously and accepts the buyout will receive two days pay per month of service up to a maximum of 300 days. NPR budget is set to run with a 3% operating loss in 2014 with hopes to be profitable again in 2015. NPR Board Vice Chairman Paul G. Haaga Jr. will become Acting President/CEO on September 30 when Gary Knell steps down. Haaga will take a $1 annual salary.