By: Joe Strupp Newsroom union members at The Denver Post voted Tuesday to approve a new contract that includes nearly $2 million in salary wage and benefit concessions, and institutes annual unpaid furlough days, the paper reported.
The three-year newsroom contract requires wage cuts ranging from 6% to 9%, depending on salary; higher health-insurance premiums; seven days per year of unpaid furloughs; and a suspension of employer contributions to 401(k) retirement accounts.
"The deal resulted from several weeks of negotiations between representatives of the Denver Newspaper Guild and a management team consisting of Denver Post and Denver Newspaper Agency officials," the paper added.
A separate concessions package had been approved last week by DNA information-technology workers, and four other DNA unions also have renegotiated contracts on the table that are awaiting votes by members, the Post reported.
Post and DNA officials have said they need some $20 million in annual budget reductions from the unions to stem a "steep drop in advertising revenue."
But the paper added that some or all of the concessions would be restored if The Post and DNA record four consecutive quarters of profits.
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