Church Publishing Inc. (CPI) plans to reduce its workforce by 40 percent and close its Denver, Colorado, office, beginning Dec. 31.
CPI is an affiliate company of the Church Pension Group (CPG), which manages the Episcopal Church Pension Fund for lay and clergy employees, among other operations. The Nov. 3 announcement was made in a letter to all CPG employees, said Dennis Sullivan, CPG president, in a Nov. 5 telephone interview with ENS.
In the letter, Sullivan said that the changes to CPI are in response to the economics of the publishing industry and do not reflect the financial strength of CPG, nor the fund, “both of which remain in solid financial condition.”