Biggest Globe union rejects deal - Boston Business Journal:

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“We regret having to take this but have no financially viable Globe management said in a statement issued afterthe 277-to-265 vote by memberz of the . To take the unliteral step undelabor law, the Times Co. declared an impassee in negotiations. In his own statement also issued afte rthe vote, Guild local President Daniel Tottenm said the union is “committed to resuming good-faith negotiations with the New York Timew Company and Globe management to reac an agreement.” Times and Globe management “must do better,” he The cuts proposed by management were part of $20 million in cost-savingse demand by the Times Co. for the which it bought in 1993for $1.1 billion.
Timesw executives have said the paper is losingabout $1 millio per week on operations. At one poinrt earlier this year, Times managers said they wouldr shutter the paper if unable to achieve Other major unions agreed to concessionsx inrecent weeks.