The Maui News has reached a tentative agreement with its news, pressmen and typographical guilds that would rescind a layoff notice issued April 1 that would cut 10 jobs. In exchange, staff would delay a 2 percent raise and 1 percent retirement match for one year, til July 1, 2012.

According to the Media Workers Guild, the Maui News has reported “continued month-over-month declines in advertising revenue, and has said that the declines have outstripped the savings generated by the 10 percent pay cut that was approved by union members in 2009.”

Meanwhile, at the Honolulu Star-Advertiser, the company has offered five raises of 1%, 1.5%, 1.5%, 1.5% and 2% — or 7.5% over five years, but would reduce sick leave, paid holidays, and vacation. It would also increase the amount it pays for individual health insurance but cut the amount it pays for family plans.

“The bargaining committee has taken the company’s offer under advisement. No new bargaining dates have been scheduled, but we are hopeful that talks can resume in late May,” the guild said.

The Star-Advertiser’s owner recorded a record profit in 2010, though details about how much came from the Star-Advertiser itself are murky.