145 face ax at Rodale
There will be 145 people laid off at Rodale, the Emmaus, Pa., publisher of Men’s Health, Women’s Health, Runner’s World and other titles recently acquired by Hearst.
Hearst, which paid a bit less than $220 million for the privately held publisher, closed the deal on Jan. 2, but the pink slips did not begin flying until this week.
All Âbut one of those to be laid off will work through March 10, according to a filing with state regulators.
Hearst assumed the pension and severance payments and is offering two weeks’ pay for each year worked — up to a maximum of 52 weeks, sources said.
The Rodale name, which has been around since the founding by J.I. Rodale in 1930 and passed through three generations, will no longer be used by Hearst and will shortly disappear.