New York Times Reaches Labour Deal With Tech Workers

2024-12-12 10:11:10

(MENAFN- Baystreet) The New York Times Co. (NYT) has reached a new labour agreement with its Tech Guild that represents technology workers at the newspaper.
The deal ends two years of collective bargaining between the parties and job actions by the Technology workers that include data analysts and software developers.
The guild says the new three-year labour agreement includes wage increases of up to 8.25% over the length of the contract, protections against layoffs, and hybrid work schedules.
Union members are now scheduled to vote on the ratification of the contract Dec. 19.
If approved, it will be the first contract for the Tech Guild, which was certified in a National Labor Relations Board election in 2022. The guild has more than 600 members who work at the paper.
The agreement brings labour peace to The New York Times following contentious negotiations and a weeklong strike this November.
Guild members had gone on strike during the busy U.S. election in early November, protesting outside The Times' head office in downtown Manhattan.
However, the union ended its strike after a week without a new contract at that time.
The stock of the New York Times has risen 15% this year to trade at $55.17 U.S. per share.

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