NYT and union reach new labor deal
October 29, 2012
Putting an end to the often-contentious negotiations that dragged on for more than a year, the Newspaper Guild has reached a tentative agreement with The New York Times.
The two sides entered mediation earlier this month after it became clear that they could not reach a deal on their own.
The union had led several protests over the past few weeks as well, including a sit-in in the NYT lobby that took place at the same time soon-to-start new chief executive officer Mark Thompson was visiting.
Mediator Martin Scheinman requested that neither side divulge the contents of the five-year deal until it is put in writing.
But the guild released a statement that detailed a few of the features.
"The Guild Negotiating Committee has voted to support the settlement, which preserves a Defined Benefit Pension, protects the jointly trusteed medical plan, and includes increases in compensation," said the statement.
The two sides had been at odds for 18 months over the agreement.
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