New York Times Proposes Givebacks

The Newspaper Guild of New York is not happy about the New York Times’ proposed cuts to newspaper employees’ benefits and salary.

Last week during an initial bargaining session between the New York Times Company and the newspaper guild, company negotiators proposed:

  • Freezing wages for the life of the proposed two-year contract
  • Eliminating the Guild healthcare plan and moving all participants onto the non-Guild medical plan.

  • Freezing the pension plan
  • The right to assign employees to produce work for any property the Times owns or acquires

And a bunch more. The Guild says these proposals reek of hypocrisy, as “a week ago, Times Publisher Arthur Sulzberger and Company CEO Janet Robinson declared aOur journalism is the cornerstone of our company” and they expressed appreciation for employees’ dedication and hard work.”

The Times is probably just looking to stay afloat. The paper did report profits in its latest earnings release but the company is expecting to see more declines in revenue in the months ahead, so without further expense cuts, those profits will not last long.

The current contract expires March 30.