New York Times and Union Reach Tentative Deal

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By Chris O'Shea Comments

After over a year of negotiations, The New York Times and the Newspaper Guild of New York finally have a deal in place. According to the Times, the parties have agreed “in concept” to a new five-year contract.

The new deal, according to the Guild, “preserves a defined benefit pension plan, protects the jointly trusteed medical plan, and includes increases in compensation.”

Nothing is final yet, as the deal is subject to changes by Guild members.┬áMartin Scheinman, the mediator who joined the discussions in early October, has asked that no further details be shared, so we’ll have to wait on the nitty-gritty of the contract.

The talks between the Times and the union have been highly stressed at moments, so it’s good to hear that a new deal is almost done.