Hugely profitable DFM refuses to increase workers’ pay
October 15, 2018
For Alden Global Capital, $160 million in profits is not enough.
Management for Digital First Media, speaking for its corporate masters at the New York vulture fund, rejected a modified wage proposal Thursday by the unions that comprise the DFM Caucus during wage negotiations in Philadelphia.
Alden’s rejection of that proposal merely hardened our resolve to continue the joint union campaign that began in July 2016 after years without a raise. The 3 percent pay increase that ultimately was negotiated in July that year stands as the only one paid to most DFM workers in 10 years.
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