New York Times, Guild Reached Tentative Pay Cut Deal
Reuters, April 29, 2009
By Robert MacMillan
The New York Times Co. reached a tentative agreement with the Newspaper Guild of New York to cut union worker pay at its namesake newspaper by 5 percent to save $4.5 million. Under the agreement, which union members still must ratify for it to take effect, workers would get reduced pay through the end of the year.
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