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Time Inc., Newspaper Guild to settle matters

Roughly 200 of Time Inc.employees, who are members of The NewspaperGuild, have voted in favor of accepting settlement regarding matters betweenthem and Time Inc.

Following the vote, the company and its employees will enterinto a collective bargaining deal consistent with the terms of the settlementagreement, according to a Sept. 30 news release.

After Time Inc. spun off from Time Warner Inc., it wanted to sign new contracts withabout 200 employees. However, after multiple rounds of negotiations, theemployees in 2014 voted downthe company's final contract offer.

The company then declared an impasse and decided to imposethe contracts. An Administrative court in August Time Inc. within its rights tocall an impasse and impose its "last, best and final offer" inNovember 2014.

The Newspaper Guild represents about 200 print editorialemployees working at Time, Fortune, Money, Sports Illustratedand People.