Times Cutting Pension Contributions, More Staff
There was more bad news for New York Times staffers this week. The paper, which is already planning to cut 100 newsroom jobs by the end of the year, told nonunion staffers this week that it would stop paying into their pension plans at the end of the year, instead choosing to contribute 3 percent of their salaries to 401(k) plans.
What’s more, the Times‘ News Service, which edits Times stories for the wire, announced that it plans to lay off at least 25 employees next year as it moves the service to the Florida paper owned by The New York Times Co.,
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