Tegna Announces No More Furloughs
While there are still some Tegna employees that are on furlough this week and many that have already served their week off with no pay, there is some good news.
Sources tell FTVLive that Tegna management has said that there will be no more furloughs for the rest of this year.
FTVLive reported to you EXCLUSIVELY that Tegna’s leadership met with their biggest shareholder last week.
Standard General headed up by Soo Kim owns more shares of Tegna than anyone and SG was on record that they did not agree with Tegna in issuing furloughs.
Sources tell FTVLive that in the meeting on Tuesday with Standard General, the shareholder said that oppose anymore furloughs.
And now, Tegna has announced there will be no more, at least for the rest of this year.
It’s sad when the shareholders are looking out for the employees more than the company.
Just saying….