After threatening to layoff staffers earlier this month if it could not produce $1.8 million in cuts, Consumer Union, the publisher of Consumer Reports, has reached a deal with the union representing its staffers.

consumer.pngThe company has reached a tentative agreement with the Newspaper Guild of New York, promising to nix the layoffs if guild members agreed to “give up a 3 percent pay increase scheduled to kick in in January 2010; the company 401(k) match in 2010; and other benefits,” Editor & Publisher reported.

The guild represents 350 researchers, scientists and writers who work for Consumer Union, and the company had threatened to let go 21 of them if they could not find a way to cut costs.