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.

1 comment:

Anonymous said...

With no competition, Singleton should be very successful in Denver ... and willing to pay good wages rather than his typical paper, which pays crummy wages and serves up a lot of wire copy for readers.