NEW YORK, Sept. 19, 2014 /PRNewswire/ -- After months of negotiations between the Newspaper Guild and Time Inc. (NYSE: TIME) on a new contract for more than 200 newsroom employees, talks broke down on Wednesday as management claimed they were at impasse after delivering a "last, best, and final" offer that would enable the company to send dozens of editorial jobs overseas, further consolidate editorial functions across its magazines and end healthcare benefits for retirees.
"Time Inc.'s proposal to hollow out its own company is simply not acceptable. Management wants the ability to send 160 editorial jobs overseas, which would be a massive blow to some of the nation's most important and respected magazines," said Newspaper Guild of New York President Bill O'Meara. "Many of Time Inc.'s proposals are not only outrageous, we believe they're illegal. We are filing charges over these labor law violations to force management to return to the bargaining table and negotiate in good faith."