The Denver Post is offering buyouts in an effort to reduce staffing by up to 20 newsroom employees because of financial pressures.

Employees eligible for the voluntary buyouts are those age 55 or older, or those with 10 or more years of full-time continuous service.

The offer includes separation pay based on years of service and continuation of health insurance.

If 20 workers accept the buyout offers, it would reduce The Post’s newsroom staffing by about 8 percent.

Post editor Greg Moore said layoffs may occur if the targeted number of buyouts are not reached.

Newspapers nationwide have experienced declines in advertising and circulation revenues.