NYTimes, Guild Reach Contract Deal

The New York Times and the New York Times Guild have reached a contract agreement that would give union members an immediate 12.5% salary raise.

Medisapost reports the deal follows two years of often contentious negotiations and events such as a 24-hour strike.

“After more than two years of negotiations, we can finally say it: @NYTimesGuild and @nytimes have reached a tentative agreement on a groundbreaking new collective bargaining agreement,” the union tweeted Tuesday.

The five-year deal must still be ratified by the union membership. A vote is expected in the coming week, the Times reports.

According to the Times, the agreement will also raise the required minimum salary from $37,500 to $65,000. Union members have not received contractual raises since 2020.

The union negotiating the deal, which is part of the NewsGuild of New York, represents nearly 1,500 employees in the newsroom, advertising and other areas of the company. More than 1,800 people work in The Times’s newsroom.

The union said members would vote to ratify the five-year deal in the coming week.

“This deal is a victory for all the union members who fought for a fair contract that rewards our hard work and sacrifice,” Bill Baker, The New York Times Guild’s unit chair, said in a statement. “It shows that the company cannot take us for granted and must be held accountable.”