Printer Friendly

NEWSPAPER GUILD OF GREATER PHILADELPHIA ISSUES STATEMENT

 PHILADELPHIA, July 1 /PRNewswire/ -- The following was issued today by the Newspaper Guild of Greater Philadelphia, Local 10:
 Guild trustees for the Health and Welfare and Pension Funds have demanded an immediate trustee meeting after learning that Philadelphia Newspapers Inc., publishers of The Philadelphia Inquirer and Daily News, has failed to make more than $1.7 million in payments to both funds in the past four months.
 Guild trustees Administrative Officer Wayne Cahill, Local 10 President Kitty Caparella, Treasurer Robin Palley and Vice President Eugene B. Jones on Thursday demanded immediate payment including the interest the funds would have earned if the payments been made.
 Cahill hand-delivered letters demanding a meeting of the trustees within five working days to discuss the issue and to demand payments be made immediately to the funds.
 "This is outrageous," said Caparella. "We want our members to be made whole."
 PNI Labor Relations Director Tom Duffin said he would look into the matter.
 The missing funds were discovered Thursday morning following a tip to the Guild Office. Richard Gabriel Associates, the plan administrator of the funds, confirmed that payments have not been made. The payments represent contributions on behalf of 1,200 members in the four-year contract negotiated by the Guild in 1989.
 This action comes on the heels of Knight Ridder Inc. giving PNI at least $2.5 million to prepare for a strike when 12 union contracts expire at midnight August 31, 1993.
 "Apparently the company is more interested in looking after their $2.5 million for strike preparations than performing its fiduciary responsibilities to the Guild," said Cahill.
 According to estimates by Richard Gabriel Associates, contributions to the Guild pension fund were short $200,000 in March and $300,000 in both April and May. And there was a $14,000 adjustment made after June 1 to correct the January payment because the wrong amount was paid. The June payment is due in mid-July.
 The plan administrator also said no payments were made for April and May and a partial payment was made in March to the Guild Health and Welfare Fund, which pays for health insurance under about 10 different plans in the Philadelphia-South Jersey area.
 The health and welfare fund is due some $340,000 for each of May and April, $231,000 for March and $24,000 for February. The amount to both funds totals approximately $1,735,000. Guild leaders are continuing to investigate.
 -0- 7/1/93
 /CONTACT: Wayne Cahill of the Newspaper Guild, 215-928-0118/


CO: Newspaper Guild of Greater Philadelphia; Philadelphia Newspapers,
 Inc. ST: Pennsylvania IN: PUB SU:


MK-JM -- PH034 -- 7881 07/01/93 15:49 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 1, 1993
Words:441
Previous Article:PG&W CONSIDERING APPEAL OF PPUC RATE DECISION
Next Article:DEL WEBB REPORTS RECORD HOMES SALES ORDERS AND CLOSINGS
Topics:


Related Articles
NEWSPAPER GUILD RATIFIES CONTRACT WITH THE BEACON JOURNAL
NEWSPAPER GUILD OF GREATER PHILADELPHIA ANNOUNCES STRIKE AT NORRISTOWN TIMES AND HERALD
NEWSPAPER GUILD OF GREATER PHILADELPHIA ANNOUNCES STRIKE AT NORRISTOWN TIMES AND HERALD
DETROIT NEWSPAPERS EMPLOYEES TO HOLD MASS MEETING SUNDAY; WAGES, HEALTH INSURANCE AND MAILROOM SITUATION DISCUSSED AS KEY ISSUES
NEWSPAPER GUILD OF DETROIT REPORTS MORE TOP RELIGIOUS LEADERS CALL ON NEWSPAPERS TO CEASE HIRING REPLACEMENTS
DETROIT NEWSPAPER WORKERS GO ON-LINE WITH A STRIKE PAPER
NEWSPAPER GUILD OF DETROIT: 'DETROIT NEWSPAPERS AND TOP EXECUTIVE UNDER CRIMINAL INVESTIGATION'
LABOR TROUBLES EAST AND WEST.
LABOR TROUBLES EAST AND WEST.
Boston Globe has till end of weekend to cut costs by $20 Mln.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters