The union representing Philadelphia Inquirer and Daily News newsroom employees and management reached a tentative agreement for a new two-year contract today. Some highlights:
* A pay cut of 2.5% for 2013, which continues in 2014.
* No layoffs of Guild members in the first year of the contract.
* Profit-sharing in 2014 “if the company turns things around.”
* Two furlough weeks, except at philly.com.
* A guarantee the company print both papers as daily papers for at least two years.
From: Guild Bulletin
Sent: Thursday, January 31, 2013 8:05 PM
Subject: NEWSPAPER GUILD REACHES TENTATIVE AGREEMENT ON NEW TWO-YEAR CONTRACT
On January 31, 2013, the Newspaper Guild Bargaining Committee reached a tentative agreement for a new two-year contract to begin at ratification. Although this contract was bargained early to forestall possible threats to the future of the company, upon ratification, the company will be contractually obligated to print both papers as daily papers (7 days a week for the Inquirer, 6 days a week for the Daily News) for the duration of this two-year contract.
In addition, the company agreed that for the first year of the contract, there will be no layoffs of Guild members.
There will be a pay cut of 2.5% for 2013 which will continue in 2014. There will not be an additional pay cut in 2014. If the company turns things around, Guild members will be eligible for profit-sharing in 2014 and going forward. (The 2.5% cut does not apply to commission sales reps.)/CONTINUES Read More