Philly Pressmen Approve Contract; 14 Down, Two To Go

philadelphia inquirerThe workers who operate the presses for the Philadelphia Daily News and the Philadelphia Inquirer voted yesterday to accept a new contract with the new owners of the papers, the Inquirer reports.

That leaves just two of the papers’ sixteen unions left to reach new agreements with Philadelphia Media Network Inc., which bought the two papers at bankruptcy auction in April.

Without new contracts signed by all union-repped employees, Philadelphia Media Network is allowed to walk away from the deal.

The company was set to close Aug. 31, but was granted a two-week extension, til Sept. 14.

That means that the machinists’ union and the drivers’ union have less than a week to okay new contracts. They rejected the most recent offer in late August.

The guild representing the newsroom, about 515 employees in all, approved a contract Aug. 25 that contains the equivalent of a 6 percent wage cut. Update: We got a copy of the new contract for newsroom workers. The wage cut portion of the contract amounts to 2 percent, while two weeks of unpaid furloughs each calendar day makes up the other four percent. The contract also guarantees no layoffs for a year, establishes a 401(k) match, and doesn’t cut into vacation time. Just in case you were curious.