NYT Buyout Terms Set
The New York Times buyout agreement has been set by Times management and the guild. Employees on their way out will receive three weeks pay per year of service and up to two years for long-term employees. However, the Guild writes, “the timing is somewhat different.”
Staffers can choose to sign up for the buyout up to December 7; their last day of work will be December 9. If not enough staff sign up, SVP of labor relations Terry Hayes says layoffs will occur December 17, a week before Christmas.
The
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in