Proposal Is Voted Down by 277-265 Vote; Management Calls Concessions Vital to Survival
The Boston Globe's survival was jeopardized Monday when its largest union rejected a package of wage and benefits cuts that management had deemed necessary to keep New England's largest daily alive.
Members of the Boston Newspaper Guild rejected by a vote of 277 to 265 a proposal by the Globe's parent, New York Times Co., to cut costs at the unprofitable publication.
Times Co. two months ago had told union leaders the paper was on pace to lose $85 million this year and would be closed unless its unions agreed to $20 million in concessions. By Monday, six of the seven unions involved in negotiations had approved new contracts. But that effort hinged on passage by the Guild, which was responsible for half of the $20 million. [Click for MORE]
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Tuesday, June 9, 2009
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