New York Times union members leave following missed deadline for contract negotiations. The standoff occurs while labor discontent in the US is at an all-time high and living expenses are rising. Despite difficulties in the broader journalism industry, union members assert that the corporation can finance its requests.
“Today we were ready to work for as long as it took to reach a fair deal, but management walked away from the table with five hours to go,” the New York Times union tweeted on Wednesday.
After setting a deadline for a deal last week, more than 1,100 union employees at the New York Times Co (NYT.N) started a one-day work stoppage on Thursday, the union claimed, citing the company’s “failure to bargain in good faith.”
We want our pension intact. We want our health care funded. We want raises that reflect our contribution to the company’s success, but the @nytimes has given us lunch boxes and excuses about economic uncertainty.
– NYTimesGuild (@NYTimesGuild) December 2, 2022
In 2022, the @nytimes spent millions of dollars to purchase Wordle and The Athletic and allocated $150 million in stock buybacks to its investors. And yet it is still offering wage “increases” that amount to pay cuts during record-high inflation.
– NYTimesGuild (@NYTimesGuild) December 2, 2022
This walkout pledge was not a decision we made lightly. But the truth is @nytimes is a blank page without @NYTGuild members. It’s time they gave us a contract that reflects our true worth. pic.twitter.com/MTMdockEKK
– NYTimesGuild (@NYTimesGuild) December 2, 2022
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