NYT Guild Approves 5% Pay Cut
Newspaper Guild members at The New York Times approved a 5 percent pay cut on Monday night, which is part of a cost-cutting plan that also includes 10 furlough days during 2009, the New York Post reported.
The Post reported that the union representing 1,200 workers at the paper “strongly voted” for the pay cut, but offered no specific details. The reduction takes effect today.
The salary reduction also matches a pay cut that occurred April 1 for management and non-union workers.
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