NEW YORK May 1 New York Mayor Bill de Blasio
could announce a deal as early as Thursday to settle a years-old
labor dispute with city teachers who have been seeking
retroactive pay worth up to $3.5 billion, according to a report
in the New York Times.
The report, which cites 'an official involved in the talks',
said the 9-year contract will include retroactive pay of about 8
percent of wages going back to 2009 and raises of up to two
percent in subsequent years, as well as healthcare savings for
Reuters reported in March that a broad outline of a deal,
which would mark the teachers' first contract since 2009, would
emerge at the end of April, potentially opening the door to a
settlement with over 300,000 other city workers before the end
of the city financial year on June 30.
(Reporting by Edward Krudy; editing by Andrew Hay)