Portland Newspaper Guild casts decisive vote for newspaper
Posted by Emily Dilling on May 29, 2009 at 5:00 AM
The Portland Press Herald's largest union, the Portland Newspaper Guild, is set to vote on concessions proposed by Seattle Times Co. the Seattle Times reported.
Acceptance of conditions offered by the Times could facilitate the company's sale of its Blethen Maine branch.
Last week, The Portland Newspaper Guild agreed to a 10 percent salary cut along with cuts in retirement benefits. The vote addressing further concessions, along with an offer of stock that would grant employees a 15 percent share in the company, will take place Friday.
Negotiations to buy the Press Herald, along with other Blethen Main titles, are taking place with Richard Connor, who is the editor and publisher of Pennsylvania's Times Leader.
Acceptance of conditions offered by the Times could facilitate the company's sale of its Blethen Maine branch.
Last week, The Portland Newspaper Guild agreed to a 10 percent salary cut along with cuts in retirement benefits. The vote addressing further concessions, along with an offer of stock that would grant employees a 15 percent share in the company, will take place Friday.
Negotiations to buy the Press Herald, along with other Blethen Main titles, are taking place with Richard Connor, who is the editor and publisher of Pennsylvania's Times Leader.
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