Philadelphia's two largest newspapers reached a tentative contract agreement with their largest union, which the newspaper guild described as "a disappointing, giveback deal."
The
Philadelphia Inquirer and Philadelphia Daily News and the Newspaper Guild of Greater Philadelphia reached a three-year deal on all issues last night. The three-year pact, which extends
until Aug. 31, 2009, includes no pay increase for the 900-member guild in the first year. Employees will get a $1,500 bonus, paid in two parts, in the second year, and receive a $25 per week raise in
the final year of the contract.
Another major sticking point was which body would control the pension fund investments, the union or management. The current pension plan would likely
be merged with another union plan with union input.
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