AUGUSTA — The Waterville Typographical Union Local 643, which represents 32 employees of the Kennebec Journal and MaineToday Media, signed a new four-year labor agreement Wednesday, according to a press release.
Union employees of the Kennebec Journal will receive a 5 percent wage increase under the agreement. MaineToday Media owns the Kennebec Journal, the Morning Sentinel in Waterville and Portland Press Herald.
The contract also provides MTM greater flexibility in determining employee benefits packages and introduced a new commission-only compensation plan for the Kennebec Journal’s advertising account executives.
Richard L. Connor, chairman and chief executive officer of MaineToday Media, said the agreement puts the newspaper on a stronger footing for the future.
“As this industry evolves, it’s imperative that management and employees work cohesively for mutual benefit,” said Connor. “This new contract signals the willingness of KJ employees to work together with us in these nationally challenging times.”
MaineToday Media is planning to cut 40 jobs at its Portland paper, according to earlier reports.