NYT union demands 8% annual salary increase
New York Times employees view a strike as wage disputes between employees Time union and its management at an impasse, Initiated reported.
In a context of record inflation, the Time staff members are demanding an 8% annual salary increase year on year for four years. Time Management said the demands exceeded reasonable limits and offered a 4% raise for one year and a 2% raise for the next two years, plus a 1% salary increase based on merit.
The New York Times Guild’s demands are “far beyond the limits of any organization, especially in such an uncertain economic climate,” a spokesperson for the New York Times Guild said. Time Told Initiated. This year, the national average annual wage increase is 4.8%, the biggest salary increase in a decade, according to a report by Pearl Meyer in June. With record inflation of 8.3% this year, Time employees demand almost double that average, for four consecutive years.
The union rejected the counter-offer, saying the proposed hikes are vital given that soaring inflation has weighed on employees with a higher cost of living.
Two weeks ago, 1,300 Time employees stayed home in protest after the return to the office of personnel mandated by the company at least three days a week. In August, the Guild released a lengthy report accusing the Time to treat white employees more favorably than its minority employees, the Free Washington Beacon reported.
“I think people feel like management only listens if everyone is beside themselves and ready to go out, so if that’s what it takes, then that’s what it takes. will have to”, said Frances Robles, a Time correspondent and member of the union’s bargaining committee.