N.Y. Post Staff Mulls Pay Cut to Save Paper
The fate of the 192-year-old New York Post again rested in the hands of its employees Saturday, with union leaders urging workers to take 20% pay cuts to keep the feisty tabloid alive for at least a month.
“Here We Go Again: Post Hangs By Thread,” read a headline after the cash-strapped paper’s latest lurch toward extinction.
Four of the Post’s 10 unions agreed to the pay cuts late Friday, and the remaining six were scheduled to vote today.
Union leaders have recommended that their members accept the cut--the second 20% slash in 2 1/2 years.
Without the savings, publisher Peter Kalikow has said, he must fold the nation’s oldest continuously published daily on Monday.
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