Tag Archives: freeze

AP: Pension plan freeze is ‘essential’

The Associated Press told News Media Guild negotiators Friday that its proposal to freeze staffers’ pension plans “is essential” for the company’s continued growth. 

AP Chief Financial Officer Ken Dale told bargainers that while AP has been “outperforming most of its members” financially, the $75 million dollar rate cuts have left a revenue hole that the cooperative will not be able to fill easily. Continue reading

Guild: 5% Salary Increase at EFE After 3 Years of Frozen Wages

WASHINGTON,  Dec 14th — The News Media Guild  began contract talks Tuesday with the EFE News Service, proposing a 5% general wage increase for employees in the United States.

Workers at EFE have endured almost three years of a wage freeze.

“EFE workers have done their part to help the company cope with tough economic times, while increasing productivity and multitasking in new technologies”, said Tony Winton, the Guild president and chief negotiator.

“But the cost of living it continues to increase and EFE needs to make sure its employees don’t fall further behind,” he added.  Continue reading