NewsGuild of New York Ratifies Five-Year Agreement with S&P Global
For Immediate Release
October 2, 2018
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On September 21, 2018, members of The NewsGuild of New York working at S&P Global ratified a new five-year agreement. This contract, effectively immediately and retroactive to April 1, 2018, ensures an 12.3 percent guaranteed wage increase as well as additional job security language that affords career opportunities for workers. The Guild is the local union that represents nearly 3,000 media and research professionals working in the New York City metro area.
Both the Guild and S&P Global management came to the table with a limited number of proposals in an effort to efficiently secure a strong and effective contract for its membership. Benefits such as health coverage, parental leave and other time off benefits remain the same. Regarding wages, not only was the Guild’s bargaining committee able to secure a 12.3 percent compounded wage increase over the life of the contract, they achieved a budgeted 3.25 percent merit increase for members.
“Our membership came to the table determined and ready to bargain for an equitable contract that reflects the work they do to make S&P Global the successful company it is,” said Grant Glickson, President of the NewsGuild of New York. “Even with a limited number of proposals at the table, we have maintained the excellent benefits our members at S&P enjoy as well secured some peace of mind in the form of job security and the ability to move within the company.”
In addition to wages, the Guild formalized an opportunity for members to progress within the company should there be a reduction in the work force. Guild members will have the right to apply for and access comparable positions immediately and any member who moves positions is now guaranteed a retraining period not less than 60 days—an improvement of the original two-week training period.
“I’m proud of the contract we achieved,” said Sandi Henson, the Guild Unit Chair. “We came to the table with proposals that represented what we need to be successful and what we want in order to feel valued and heard. We now have processes and a strong contract in place that allow just that.”
The Guild’s local representatives Anthony Napoli and Kari Bienias served as lead negotiators alongside the S&P Global bargaining committee.
About the NewsGuild of New York
The NewsGuild of New York is the union for news professionals in America’s media capital. We are the workplace advocate for people in the media business, including some of the best journalists in the country. The national NewsGuild is the largest union for news professionals — and we are its biggest local, fearlessly representing nearly 3,000 journalists and other media employees at New York-based media organizations and their respective bureaus. We understand journalism, from print to digital to broadcast.
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