Thursday, March 12, 2009
MNG gets big concessions from unions in Denver
Unionized employees at The Denver Post have voted to accept a package that includes "wage cuts ranging from 6 percent to 9 percent, depending on salary; higher health-insurance costs; seven days per year of unpaid furloughs; and a suspension of employer contributions to 401(k) retirement accounts," according to an article in the Post. Total savings: nearly $2 million. The Post is making the cuts even though it is expected to benefit from the closing of the rival Rocky Mountain News.
Posted by San Francisco Peninsula Press Club at 12:01 AM