Pay cut for the ailing NYT

A report about themselves talks about the pay cut that the employees of the troubled newspaper would face until the end of this year.  The plan has already been implemented for the non union workers starting on April 1.

The Newspaper Guild, the union that represents newsroom and certain other employees of The New York Times, tentatively agreed Tuesday to a 5 percent salary cut that had been proposed by management.

This will save some $4.5 million a year and another 80 jobs, mostly from the newsroom.  Ahh, I can’t even imagine how disastrous it would be if NYT were to go under.


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