Cablevision, Newsday Union Agree on Deal
Last week we mentioned that Cablevision had offered a sweetened union contract to Newsday employees. The New York Post reports that the union has accepted the contract by a 310 to 141 vote.
Under the new deal, most workers will receive a 5 percent cut in pay over the next three years while the truckers will suffer a 10 percent cut in pay (I wonder where the 141 ‘No’ votes came from). The sweetened deal offered last week provides a slight pump in the pension, once the pay cuts end in 2013.
Although
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