FRESNO, Calif. The Fresno Bee will send some advertising production work to India, cutting seven of 31 jobs in its advertising design department, according to the newspaper.
Express KCS, which has offices in San Jose, London and near New Delhi, India's capital, will take over the work. Most of the newspaper's advertising services will not be affected, Ken Hatfield, the newspaper's vice president of communications and public affairs said Tuesday. Hatfield said the job cuts will begin in September.
Hatfield said customers will continue to work with sales, marketing and design employees in Fresno.
The Bee is the only McClatchy newspaper using Express KCS's services.
More bad financial news: there were no venture capital-backed IPOs in the second quarter, the worst quarterly performance since 1978, according to a recent report by PricewaterhouseCoopers. “There is little indication that the market will recover anytime before the second quarter in 2009,” said Tracy Lefteroff, global managing partner of the Venture Capital and Private Equity [...]
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