Home / Business and Economy / LA Times Guild Reaches Tentative Deal, Ending 3-Year Standoff
LA Times Guild Reaches Tentative Deal, Ending 3-Year Standoff
15 Nov
Summary
- 85% of LA Times Guild members voted to authorize historic strike
- Guild and management reached tentative agreement after 24-hour bargaining session
- Deal comes after 3 years of negotiations for cost-of-living, layoff protections
In a significant development, the Los Angeles Times Guild and management have struck a tentative deal, ending a prolonged three-year bargaining standoff. This comes after the guild's members overwhelmingly voted, with 85% in favor, to authorize a historic strike in a bid to secure a new contract.
The agreement was reached following extensive negotiations, including a marathon 24-hour bargaining session. While the guild's leadership acknowledges that this is not the ideal contract they had hoped for, they have determined it to be the best deal they could obtain from management at this time.
The key issues at the heart of the negotiations included securing cost-of-living increases, layoff protections, and preventing the outsourcing of work to third-party providers. The guild has been bargaining for a new contract for the past three years, during which the LA Times has undergone several rounds of layoffs, reducing the number of union members from 450 to 200.
