Insider has reached a deal with the union representing 250 editorial employees, ending a nearly two-week old strike.
The agreement, which still must be voted on, includes a $65,000 salary minimum — up from $60,000 — and raises of 10 percent during the term of the contract.
There is also a layoff moratorium through the end of the year and more than $400,000 in health care cost reimbursements.
When the contract is ratified, most staffers will receive a 3.5 percent raise.
The nearly 300 members of the Insider Union are represented by The NewsGuild of New York. During the strike, many of them urged readers not to read content — much of it produced by editors and international staff — on the website.
In November 2022, the Guild filed an Unfair Labor Practice charge against Insider with the National Labor Relations Board, alleging that the company unlawfully changed workers’ health care coverage. In May 2023, the NLRB found merit with the union’s charge and is issuing a complaint against the company.
Four days after management announced the proposed layoffs of 60 employees in April, members of the Insider Union held a one-day walkout, with more than 250 members walking off the job and dozens picketing the company’s Financial District headquarters in New York City.