Speaking of pay cuts, the roughly 100 Maui News union-covered employees voted yesterday to accept a 10 percent salary cut, a pension freeze, and other benefits in order to “help the newspaper survive depressed economic conditions,” the paper reported.
The wage cuts go into effect in August, and will be restored gradually over the next three years.
The employees also voted to pay 5 percent of their medical insurance premiums; previously, the company paid for all health insurance benefits.
Publisher Joe Bradley said that Maui Publishing, which is owned by Ogden Newspapers Inc., is not thinking of selling.
“Ogden Newspapers is definitely in it for the long haul,” Bradley said. “We’re not sellers of newspapers.”
(And if you missed it, the Boston Globe voted for pay cuts toosix weeks after rejecting a similar proposal.)