The buyouts would give employees one week of base pay for every year of employment up to 10 years, two weeks for 11 to 20 years and three weeks for years 21 and up, with a cap at a year's pay.
Employees have until Oct. 23 to apply for the plan.
"The senior management team and I recognize that each employee makes important contributions to our company," Tribune Publishing CEO Jack Griffin said in a memo to employees. "At the same time, in the challenging revenue environment that all publishing companies face, it is critical that we make hard decisions and take the necessary steps that continue to position Tribune Publishing Company for success over the long term."
A Tribune Publishing spokesman declined to comment.
The buyout offer comes during a tumultuous time for Chicago-based Tribune Publishing, which has seen its stock price plunge in the wake of a controversial leadership change at the Los Angeles Times and lowered financial guidance.
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