Tag Archives: Sanz

EFE Proposal is “Take and Take”

MIAMI, May 1, 2013 – EFE News Services Inc. introduced a new set of economic proposals this week calling for large increases in employee out-of-pocket monthly health insurance payments and cutting its retirement contribution by 25 percent. The Guild also questioned the company’s proposal on non-discrimination language and a proposal for unlimited interns.

Wage and Benefit Cuts

The company is now insisting on steep increases in medical premiums – as much as 19% in 2013 and nearly 24% in 2014. The proposals given to the Guild are deeper than EFE’s prior proposal of a 15% reduction in medical premium costs.

That’s on top of proposals to cut staff salary by up to 9% of salary after five years of a wage freeze. Under EFE’s new proposal, the lowest paid employees would have wages frozen for two more years instead of a wage cut.

“Normally, contract negotiations are give and take,” said Tony Winton, the Guild’s chief negotiator. “With these proposals, EFE seems intent on pursuing a ‘take and take’ stance,” he said. Continue reading

EFE Introduces New Wage Cut Proposal

MIA reverse wider

EFE Guild members hold hands during mobilization in Miami Tuesday, Mar. 12, 2013

WASHINGTON, Mar. 14 – EFE News Services introduced a new wage cut proposal on Thursday that softened its earlier demand for payroll savings of 15 percent.

EFE proposed a tiered approach to wage reductions. Under its proposal, Employees earning in excess of $60,000 would see a nine percent reduction. Employees earning less than $60,000 but more than $45,000 would see a an eight percent wage cut. Employees earning $45,000 or less would see no wage reduction.

EFE General Manager Ignacio Sanz said the goal of the company’s proposal was to reduce costs by $124,000 annually. He described the news agency’s financial condition as critical and said that EFE, a state-owned company based in Madrid, was under orders from the Spanish government to meet the conditions of a solvency plan. Continue reading