Posted on 09/24/2009 6:54:45 PM PDT by abb
From: NEWSPAPER GUILD MAILING Date: Thu, 24 Sep 2009 19:03:54 -0400 Subject: Guild UNION TIMES: 'Cost-Saving' Committee Meets To: [New York Times guild members]
September 24, 2009
"Cost-Saving" Committee Meets Times Agrees to Offer Voluntary Buyouts Pay Cut to be Restored in January
Representatives of the Guild and Times management met earlier this week to discuss the possibility of offering a Voluntary Buyout and to identify cost-saving opportunities that still may exist at the newspaper.
The meeting was part of a process that was agreed to in discussions between the union and company management last spring regarding the temporary 5 percent pay reduction that Guild members approved.
In response to a proposal by New York Guild President Bill O'Meara, Times Senior Vice President of Operations and Labor Terry Hayes said the company would agree to offer a voluntary buyout. However, both also agreed that further discussions would be necessary to work out the parameters of the program, including such factors as eligibility, timing and the number of buyouts available. Hayes added that The Times was agreeable to a buyout "because the Guild and its members 'stepped up' to help the newspaper" by agreeing to the temporary pay reduction a few months ago.
When asked about the pay reduction, Hayes said Guild members are "guaranteed" to have their money restored on January 1, 2010, as specified in the agreement negotiated by the Guild.
Also at the meeting, Guild committee members presented a list of ideas to help the company save money in a variety of ways, such as more flexible use of compensatory time, bringing back the four-day workweek (for five days pay), and even reducing the massive amount of paper used in the building. The Guild also introduced several ideas on how its members may be able to help increase circulation.
It should be noted that the meeting took place in a spirit of cooperation between the Guild and management. Hayes said, "We all need to work together in this economic environment." O'Meara agreed, adding that the Guild was committed to helping to make sure that The Times remains successful.
Management thanked Guild committee members for their suggestions, which they said they would evaluate and revisit in future talks, including more discussion of the Voluntary Buyout program. We will keep you informed when more details become available.
ping
Did NYT ever resolve its issue with striking Boston Globe unions?
Should Roger Ailes buy the New York Times before it goes under?
Yes, they voted themselves a pay cut. But they’re not going to make it no matter what they do. Revenues are still shrinking.

.."go ahead Vince, start without, I'm waiting for Keller"
I bid $1!
That’s what drugged self-absorption will get ya!
Good luck with that as I'm sure there are a few more bridges that need burning.
Shouldn’t have fired Jayson Blair. He was the closest thing to a journalist they had.
Human sacrifice was performed this evening at The Boston Globe...
Push the little lever and flush.... that should help the NYT circulation..... through the drain.
Could someone explain what the heck they are talking about here? What is the meaning of Voluntary Buyout?
Maybe Pinch can have Maureen Dowd turn tricks at the corner of 41st and 8th Avenue.
Dumping Sulzberger and his leftist stooges and becoming a responsible paper would probably help.
Will they PAY me for NOT posting their crap?
Once can only imagine what the media will be like when the old gray whore finally croaks. They get all their talking points from the Times.
Awwwwwww...
Of course, whatever arises will be worse, and directly run by gov’t Demwits.
Again?
A FReeper who called Mark Steyn today came up with the ultimate solution to the circling the bowl print media and the new environmentalist attack on toilet paper. Promote the use of the New York Times and Washing Post as chic toilet paper. It avoids the potential Congressional bailout by the dummies and saves trees.
Steyn thought he was hilarious. Sorry I didn't catch the FReeper's screen name if he used it, but he was born in the Soviet Union and never knew what toilet paper was until immigrating to the USA. (In Russia he preferred Izvestia to Pravda (softer, I believe he said).
That should save the company negative millions
lol
I missed that part.
Is it on his website?
That’s going to take a while at a dollar a pop.
as he subbed for Rush yesterday.....
I heard Mark Steyn say very quickly that the Washington Post lost $1.30 on each newspaper...
I haven’t checked the website, but Steyn also did a riff about the immigrants arriving in the USA, seeing the Statue of Liberty from afar, having heard that she lifted her torch to welcome them, but she is now holding a big roll of double layer toilet paper. ;o)
What will those capitalists think of next?
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