The New York Times union reaches a tentative agreement with the newspaper

(Reuters) – The New York Times Guild said on Tuesday that it has tentatively reached a new contract agreement with the New York Times that marks the end of more than two years of negotiations.

The agreement, if ratified, will increase the median salary for a NewsGuild member to $136,220 and $160,011 for reporters and correspondents in the union, according to a note sent by the newspaper’s deputy editorial editor, Cliff Levy, to union members.

Other benefits include a general salary increase of 18.4%, new job categories for reporters and editors, and a doubling of fertility benefits to $50,000, according to the agreement.

The New York Times, under the agreement, will also allocate more than $100 million in new spending for NewsGuild members, Levy said in the note.

In December, more than 1,100 unionized employees of the newspaper had participated in a 24-hour strike after failing to reach a contract with the company.

(Reporting by Akanksha Khushi and Nilutpal Timsina in Bengaluru; Editing by Shailesh Kuber)

Copyright 2023 Thomson Reuters.

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