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DRIVERS' UNION RATIFIES REVISED CONTRACTS WITH THE NEW YORK TIMES

 DRIVERS' UNION RATIFIES REVISED CONTRACTS WITH THE NEW YORK TIMES
 NEW YORK, May 29 /PRNewswire/ -- The membership of the Newspaper and Mail Deliverers' Union of New York and Vicinity (N.M.D.U.) yesterday ratified three separate contracts running to the year 2000 with The New York Times Company (AMEX: NYT).
 The agreements cover the operation of The Times's new printing and distribution plant in Edison, N.J., and two New York metropolitan area wholesale newspaper distribution businesses the company has agreed to purchase.
 The N.M.D.U. members drive delivery trucks for The New York Times and for wholesalers who distribute The Times and many other newspapers, including The Wall Street Journal, The Daily News and New York Post, to various retail outlets.
 The new agreements, like the ones rejected by the union's vote on May 6, were endorsed by the union's leadership. This time the agreements were also endorsed by three prominent leaders in the labor field who were requested by the N.M.D.U. to act as intermediaries. The intermediaries were instrumental in persuading the parties to make changes in the earlier agreements which they found to be the cause for their rejection. The intermediaries are Barry Feinstein, president of Joint Council 16 of the International Brotherhood of Teamsters; Jack Kennedy, president of the pressmen's union; and Michael Connery, a lawyer for the pressmen's union, who also represents all the unions at the New York Daily News in discussions with potential buyers of that newspaper.
 Arthur Sulzberger Jr., publisher of The Times, said, "I couldn't be more pleased by the ratification of the contracts. This has been a long and painful process for everyone, but the outcome is good for The Times, its employees and the newspaper business in New York City. We all owe a debt of gratitude to the three intermediaries who worked so hard to bring the parties together. My congratulations go to Doug LaChance, president of the union, and the other union leaders for the successful outcome of this vote."
 The agreements provide union members at The Times and the wholesalers with a long-term contract, higher wages, payments to the union's benefit and pension funds, job security and financial incentives for voluntary buyouts. The agreement covering the plant in Edison also covers The Times's production plant in Manhattan. The agreement should pave the way for the summer opening of The Times's new production and distribution facility in Edison. This new facility and other negotiated efficiencies are expected to result in significant cost savings.
 The company is in the process of completing the purchase of two wholesale distribution companies it earlier had agreed to buy: the Metropolitan News Company, which distributes The Times and other newspapers in New York City, and Newark Newsdealers Supply Company, which distributes in central and northern New Jersey.
 In a related development, the N.M.D.U. also ratified similar contracts with two wholesale distribution companies that deliver The Times and other newspapers in Fairfield and Westchester Counties and Long Island. The owner, New Jersey businessman Arthur Imperatore, said he was pleased by the outcome of the vote.
 In 1989 the company provided $30 million for voluntary buyout costs for all its production unions and $24 million remained before the N.M.D.U. settlement. The company estimates the cost of voluntary buyouts and benefit payments for N.M.D.U. members will be about $14 million. If negotiated settlements are reached with the Mailers' and other unions, it is possible there will be an additional charge against earnings.
 The company expects to receive an arbitration ruling in mid-June concerning the Mailers' Union.
 -0- 5/29/92
 /CONTACT: Nancy Nielsen of the New York Times Company, 212-556-7078/
 (NYT) CO: The New York Times Company; Newspaper and Mail Deliverers' Union
 of New York and Vicinity ST: New York, New Jersey IN: PUB SU:


GK -- NY008 -- 5083 05/29/92 09:19 EDT
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Publication:PR Newswire
Date:May 29, 1992
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