(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.
The union, part of the NewsGuild of New York, represents journalists as well as ad sales workers, comment moderators, security guards and staff at The Times Center, the NYT’s virtual production studio and events venue. .
(Reporting by Akanksha Khushi and Nilutpal Timsina in Bengaluru; Editing by Shailesh Kuber)
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