New York State Common Retirement Fund, Albany, withdrew a shareholder resolution that had criticized the workers' rights efforts at Gannett Co., saying the company's recently announced human rights policy addresses the pension fund's concerns.
The $242.3 billion pension fund withdrew the resolution Monday, noting that Gannett's policy covers "freedom of association and collective bargaining," according to a letter the pension fund sent to Gannett that was provided to Pensions & Investments. The pension fund filed the shareholder resolution Dec. 20.
The Gannett human rights policy, issued earlier this month, said in part: "We respect our employees' right to join, form or not to join a labor union without fear of reprisal, intimidation, interference or harassment."
The policy document also said the company "is committed to bargaining in good faith with such representatives in accordance with applicable laws."