The news initially cheered workers who haven't had much to cheer about over the past couple of years.
But how much real benefit is this for employees?
When you look at the actual numbers, MNI wages have retracted -- due not just to the wage freeze but also to the salary decrease that hit most employees this past spring.
Check out the numbers an employee emailed me.
I was hired in 2006 at 52,000
I received a merit pay increase (3%) to 53,560 in 2007
US cost of living adjustment (COLA) of 3.3% (spanning 2006) would have been 53,716.
Before my next review, my wage was frozen.
COLA for 2007 would have been 2.3% (which would have brought me to $54,951)
COLA for 2008 would have been 5.8% (which would have brought me to $59,139)
BUT, 2009 was actually a 5% decrease, meaning my actual salary decreased to $50,882
So at the end of 2009, there's a difference of $8,257
That means for me to get back to even, I would need a raise of 16.25%
McClatchy employees are still in a deep hole and wait for the company to get serious about making things right with employees.