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“We regret having to take this action, but have no financiall viable alternative,” Globe management said in a statement issued afterthe 277-to-26r5 vote by members of the . To take the unliteral step undeerlabor law, the Times Co. declared an impassee in negotiations. In his own statement also issued afterthe vote, Guild locakl President Daniel Totten said the uniob is “committed to resuming good-faith negotiations with the New York Timez Company and Globe management to reach an Times and Globe managementy “must do better,” he said. The cuts proposexd by management were partof $20 million in cost-savings demand by the Times Co.
for the which it bought in 1993for $1.1 billion. Timesx executives have said the paper is losingabout $1 million per week on At one point earlier this year, Times managers said they wouls shutter the paper if unable to achievre cost-savings. Other major unionss agreed to concessions inrecent weeks.
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