Commoney Wise
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
  • Login
  • Register

  Breaking
Oil down 7% on week as dollar rockets on U.S. jobs report February 3, 2023
Japan stocks higher at close of trade; Nikkei 225 up 0.20% February 3, 2023
Loans to first-home buyers fall, while ASX defies inflation anxiety | Finance Report | ABC News February 3, 2023
Florida lawmakers to meet for special session next week to address Disney’s special governing powers February 3, 2023
Here’s a rapid-fire update on six Club stocks moving Friday on earnings February 3, 2023
Next
Prev

en English
en Englishes Españolde Deutschfr Françaisit Italianopt Portuguêsru Русскийzh-CN 简体中文hi हिन्दीja 日本語
Casino
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos
No Result
View All Result
Commoney Wise
Casino
  • News
  • Politics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
  • Crypto
  • Tech
  • Videos
Home Investing

New York Times journalists stage historic 24-hour strike after management and union fail to reach deal

Staff by Staff
December 12, 2022
in Investing
0 0
A A
0

A 24-hour strike at The New York Times, a historic demonstration in which more than 1,100 employees are expected to participate, began Thursday at midnight, after management and the union representing staffers failed to reach an agreement for a new contract after more than a year and a half of negotiating.

“It’s disappointing that they’re taking such drastic action, given the clear commitment we’ve shown to negotiate our way to a contract that provides Times journalists with substantial pay increases, market-leading benefits, and flexible working conditions,” Meredith Kopit Levien, president and chief executive of The Times, said in an email to the company Wednesday night.

The NewsGuild of New York, which represents journalists and other staffers at The Times, said in a statement that the walkout was “due to the company’s failure to bargain in good faith, reach a fair contract agreement with the workers, and meet their demands.”

The act of protest, which has not been staged by employees at the newspaper of record in decades, will leave many of its major desks depleted of their staff, creating a challenge for the news organization that millions of readers rely on.

An executive at The Times, who requested anonymity to speak candidly, acknowledged to CNN on Wednesday that the work stoppage would certainly create difficulties. But, the executive said, management has readied for the moment and could rely on the newspaper’s other resources, such as its international staff which largely are not part of the union, to fill the voids.

Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. But it will be harder than usual.”

Kopit Levien added in her email to the company that The Times has “plans in place to ensure that we meet our obligation to our readers and the general public by reporting the news as fully as possible through any disruption caused by a strike.”

But some staffers at The Times went as far on Wednesday as to urge readers not to consume the outlet’s content during the walkout.

“We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. “Read local news. Listen to public radio. Make something from a cookbook. Break your Wordle streak.”

At a rally held Thursday afternoon outside The Times’ offices in Times Square, dozens of union members held picket signs, handed out pamphlets, and demanded better wages.

“We make the paper, we make the profits!” the crowd chanted.

The strike comes as the Gray Lady and the NewsGuild of New York remain at odds over a number of issues, particularly wages, amid a backdrop of layoffs and cuts across the media industry.

In recent weeks, CNN laid off hundreds of staffers, newspaper chain Gannett cut 200 employees, NPR said it will need to find $10 million in savings, and other news organizations have explored the need to trim budgets and freeze hiring.

The Times has maintained that it offered the guild “significant increases,” but the union countered that the newspaper’s management has “frequently misrepresented its own proposals.”

The Union Times, a newsletter published by the NewsGuild, described The Times’ wage concessions on Wednesday as “paltry” and said management has “barely budged” on the issue.

The two parties have been bargaining since the last contract expired in March 2021. Last Friday, the NewsGuild informed The Times about its plans to stage a walkout, a move aimed at applying pressure to management to offer additional concessions in negotiations.

The union has asked The Times to meet in the middle on wage increases, but the newspaper believes the union started from an extreme position, making doing so a non-starter.

Both sides have worked throughout the week to avert the 24-hour strike. But it was to no avail.

Management at The Times had grown frustrated with how the NewsGuild has sought to conduct negotiations and partly blamed the lack of progress on it.

“They refuse to meet in person,” the executive told CNN. “It’s a really important point. I can’t emphasize it enough. We have negotiations on Zoom. There are eight or so people from management, as many as 18 people on the bargaining committee from the NewsGuild, and as many as 200 union members watching as ‘observers.’”

“Negotiations are essentially public,” the executive continued. “And that changes the whole dynamic of negotiations. It becomes very performative and very theatrical. It’s really hard to get things done. It’s like a show. And we need productive negotiations to get to a deal.”

Susan DeCarava, president of the NewsGuild of New York, said in response, “Union democracy is crucial to union power. That is why we don’t do closed-door negotiations, which management continues to demand.”

“All members who will be affected by the decision made at the bargaining table should be privy to those discussions,” the representative added. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it. The result of management’s public actions is the powerful strike that is happening tomorrow.”

Read the full article here

ShareTweetSharePinShareSendShare
https://www.madmoneycasino.com/?faff=667&sub=DemCasino

Related Articles

Investing

3 key takeaways from the jaw-dropping January jobs report

February 3, 2023
Investing

Why Twitter users are upset about the platform’s latest change

February 3, 2023
Investing

Activision Blizzard settles SEC charges for $35 million

February 3, 2023
Investing

Is the Fed ignoring long Covid in its inflation fight?

February 3, 2023
Investing

Offices are more than 50% filled for the first time since the pandemic started

February 3, 2023
Investing

What to look for in Friday’s jobs report

February 3, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Commoney Wise

Commoney Wise is your one stop news website for the latest finance, business and crypto news, follow us to get the news that matters to your minute by minute.

Our Other Brands Kronosslott, Commoneywise, Demcasino.de, SportsExtremes.tv, Slotgamesusawwr, Coin Desk Times, Kingsofgolf.be

Topics

Business Commodities Crypto Economy Finance Forex Futures Investing Markets News Politics Stocks Tech Videos

Get Informed

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact

© 2022 Commoney Wise. All Rights Reserved.

No Result
View All Result
  • News
  • Politics
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Futures
    • Forex
  • Crypto
  • Price Index
    • Stocks
    • Cryptocurrency
    • Commodities
    • Forex
  • Videos

© 2022 Commoney Wise. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.