NYT and union reach new labor deal

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.

Tags: Defined Benefit Pension, features, mark thompson, Mediator Martin Scheinman, new york times, new york times newspaper guild, newspaper guild, nyt, nyt contract, nyt labor dispute, own, time