The bad news many have been dreading since this summer when the Gannett Co. Inc. purchased The Record and the dozens of community newspapers that comprise the North Jersey Media Group came to pass yesterday with the announcement that 426 employees will receive pink slips by the end of the week. About half of those being laid off are expected to be rehired for new positions created as part of a restructuring, meaning the net job loss will be about 200, the company said.
Gannett bought the North Jersey Media Group in July from the Borg family, which had owned the NJMG for more than 80 years.
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