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Spain's top daily El Pais chops one-third of staff

MADRID--Spain's leading daily El Pais is axing one-third of its staff and slashing salaries as it battles a growing media crisis, employees said Tuesday.

El Pais, part of the Prisa media group, announced there would be 128 layoffs and 21 early retirements, bringing the total cut to 149, a staff works committee statement said.

All staff are to take a 15-percent pay cut, it said, describing the plan as “mean.” Those laid off will get 20 days' pay for each year worked up, going back a maximum of 12 years.

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