NYT, Union Discuss Voluntary Buyouts
A union representing New York Times employees sent a memo to members yesterday, detailing a meeting this week between New York guild members and Times management over cost cutting options.
“The meeting was part of a process that was agreed to in discussions between the union and company management last spring regarding the temporary 5 percent pay reduction that Guild members approved,” the memo, obtained by Romenesko, said.
One option discussed by the paper’s management and the union has been voluntary buyouts, which the guild’s leadership said they would agree to after the details are ironed out.
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