New York Times Union Workers Threaten Walkout Pending Wage Demands, Say 'Enough Is Enough'

New York Times Union Workers Threaten Walkout Pending Wage Demands, Say 'Enough Is Enough'
  • More than 1,000 union employees at New York Times Co NYT pledged to walk out if the news publisher failed to reach a "complete and equitable contract" by December 8.
  • The NYT NewsGuild has sought wages that "keep up with inflation" and to preserve and enhance health insurance and retirement benefits promised during hiring, according to the letter signed by 1,036 members.
  • Also Read: Amazon Gets Another Breather As Workers Dump NY Union
  • The union members also sought remote work flexibility, among other demands, Reuters reports.
  • An NYT spokesperson said, "while we are disappointed that the NewsGuild is threatening to strike, we are prepared to ensure The Times continues to serve our readers without disruption," adding that the company's current wage proposal offered "significant increases."
  • In March, nearly 600 tech employees at the New York Times voted to unionize as the company faced claims it unlawfully interfered with labor organizing.
  • In August, nearly 300 Thomson Reuters Corp TRI journalists in the United States, represented by the same NewsGuild, also staged a 24-hour strike as the union negotiates with the company for a new three-year contract. 
  • Price Action: NYT shares traded lower by 1.21% at $34.98 on the last check Monday.

Posted In: BriefsGovernmentNewsRegulationsMedia