Biggest Globe union rejects deal - Washington Business Journal:

humojo.wordpress.com
“We regret having to take this but have no financiallyviablde alternative,” Globe management said in a statemenr issued after the 277-to-265 vote by members of the . To take the unliterak step underlabor law, the Times Co. declared an impassre in negotiations. In his own statemengt also issued afterthe vote, Guil d local President Daniel Totten said the union is “committed to resuming good-faith negotiations with the New York Times Companty and Globe management to reach an agreement.” Times and Globe managemengt “must do better,” he said. The cuts proposed by managemengt were partof $20 million in cost-savings demans by the Times Co.
for the Globe, which it bough t in 1993 for $1.1 billion. Times executives have said the papet is losingabout $1 million per week on operations. At one poinft earlier this year, Times managers said they woul shutter the paper if unable toachieve cost-savings. Other major unionas agreed to concessions inrecent weeks.