New York Times Faces Strife With Employees Over Outdated Wages
The New York Times Company (NYSE: NYT ) is facing internal struggles between management and staff over stagnated wages. The conflict escalated to the point that more than 1,300 unionized employees refused to return to the office after the paper announced the end of remote work in early September. Journalists and tech workers have allegedly stated “a strong likelihood” that the conflict will lead up to a strike. At their lowest point this week, shares had lost 14% of their value since the conflict became public on Sept. 12. The stock price recovered slightly at the time of this writing, … Full story available on Benzinga.com
New York Times Faces Strife With Employees Over Outdated Wages
The New York Times Company (NYSE: NYT ) is facing internal struggles between management and staff over stagnated wages. The conflict escalated to the point that more than 1,300 unionized employees refused to return to the office after the paper announced the end of remote work in early September. Journalists and tech workers have allegedly stated “a strong likelihood” that the conflict will lead up to a strike. At their lowest point this week, shares had lost 14% of their value since the conflict became public on Sept. 12. The stock price recovered slightly at the time of this writing, … Full story available on Benzinga.com