 |
Guild officials notified Consumers Union management on April 5 that members had overwhelmingly ratified the contract. From left, Emilio Gonzalez and Dawn Yancy, both Guild bargaining committee members and unit treasurer assistant and treasurer, respectively; Tony Bilangino (rear) of CU human resources; Guild Representative Bob Daraio; CU Vice President, Human Resources Linda Tepedino; Guild President Bill O'Meara; Guild Unit Chair Anna Pierdiluca and Guild First Vice Chair Mike Dempsey. |
Package totals 6% in raises, bonuses
Guild members at Consumer Reports magazine on Friday ratified a new
three-year contract that preserves a defined benefit pension plan and
gives them a wage-increase and bonus package totaling 6 percent. The
vote was 203 to 31, with two abstentions.
The new contract, which
expires on Dec. 31, 2014, restores severance pay, has no givebacks on
job security, makes only minor changes to health care benefits and
offers a new, less expensive medical insurance option for those who want
lower premiums.
The contract, which took about a year and a half to negotiate, is the
Guild’s second agreement after last year’s deal with The New York Times
to include a government-insured adjustable pension plan that guarantees
each retired member a lifetime monthly check, but doesn’t expose the
company to the risk of unfunded liabilities.
Pay provisions in the new agreement with Consumers Union, the parent
of Consumer Reports, include an immediate 1 percent raise retroactive to
Jan. 1, a 2 percent raise on Jan. 1, 2014 and three 1 percent bonus
payments, the final one of which is to be paid on Dec. 1, 2014.
No comments:
Post a Comment