Star Tribune, union agree on tentative deal
The Star Tribune, currently working through Chapter 11 bankruptcy protection, has reached a tentative deal with its newsroom union, according to MinnPost.com.
However, the union did agree to let management save a "small number" of less-senior employees in the event of more layoffs, so the seniority rule is no longer as concrete as it once was.
The agreement is expected to save the paper just under $1.7 million, plus pension savings.
Click here to read more.
Workers who remain will get a 3 percent wage scale cut, a 30 percent across-the-board merit pay reduction (most of the newsroom gets so-called "overscale"), two furlough days a year for the next two years, and a pension freeze. Pension savings is not included in the $1.7 million the Star Tribune will save.According to the article, Star Tribune management was not able to get rid of seniority when it comes to layoffs.
However, the union did agree to let management save a "small number" of less-senior employees in the event of more layoffs, so the seniority rule is no longer as concrete as it once was.
The agreement is expected to save the paper just under $1.7 million, plus pension savings.
Click here to read more.
Labels: agreement, bankruptcy, Chapter 11, cuts, deal, freeze, furlough, layoffs, MinnPost.com, pay, pension, Star Tribune, union

0 Comments:
Post a Comment
<< Home