Tag Archives: economic offer

AP advances economic offer

The Associated Press advanced an economic offer Tuesday that’s contingent on union members agreeing to the company’s proposal to freeze the pension plan and reaching a contract agreement by Dec. 15.

The company offered a 2 percent wage increase effective Dec. 1, along with a lump sum payment of $500 and another lump sum payment of $500 on July 1, 2011. The $1,000 payments would go only to active employees and not those on inactive status. Continue reading