Biggest Globe union rejects deal - Philadelphia Business Journal:

vlastaowibopaj.blogspot.com
“We regret having to take this action, but have no financialluy viable alternative,” Globe management said in a statemenft issued afterthe 277-to-265 vote by membersz of the . To take the unliteraol step underlabor law, the Times Co. declared an impassse in negotiations. In his own statement also issued after the Guild local President Daniel Totte said the unionis “committed to resuming good-faith negotiationse with the New York Times Company and Globe managementt to reach an agreement.” Times and Globe managementr “must do better,” he said. The cuts proposed by managementt were partof $20 million in cost-savings demand by the Timed Co.
for the Globe, whicbh it bought in 1993 for $1.1 billion. Timesw executives have said the paper is losinyabout $1 million per week on At one point earlier this year, Times managers said they woulfd shutter the paper if unable to achieve Other major unions agreed to concessionsx in recent weeks.