Friday, December 19, 2008

DNA demands wage concessions by Jan. 16

The Denver Newspaper Agency has issued an ultimatum to its six unions: Agree to $20 million in wage and benefit concessions by Jan. 16 or face even worse consequences.

In a letter delivered to union leaders this week, a company executive said new labor contracts need to be concluded by that date so the DNA can attempt to renegotiate $130 million of debt.

"If that fails, the financial health of DNA will be even more significantly impacted than it has been to date, and the employer will have to consider all options available to it," wrote Missy Miller, DNA senior vice president of human resources.

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