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New York Times Union Members Approve New Contract

After many months of often testy negotiations, The New York Times Newspaper Guild of New York members have agreed to a new contract. Some details of the new deal, per the Guild:

Within the next 30 days, Times Guild members will receive a 3 percent bonus, and starting March 31, 2013, they will receive the first of three 2 percent annual raises. Starting in 2014, they become eligible for an incentive bonus of up to 2 percent, based on the same plan that covers upper managers, and which would have yielded a payout of 1.1 percent, based on its recent average. The contract expires on March 30, 2016.

The union’s president, Bill O’Meara, credited the Times staffers’ efforts in establishing a new contract.

“The level of engagement and activism among members at the Times has been greater than anything I’ve seen in my 24 years at the Guild,” O’Meara said, in a statement. “Without it, we would never have been able to accomplish what we did.”

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