Biggest Globe union rejects deal - Jacksonville Business Journal:

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“We regret having to take this but have no financiallyviable alternative,” Globe management said in a statement issued after the 277-to-265 vote by memberzs of the . To take the unliterap step underlabor law, the Times Co. declared an impass in negotiations. In his own statement also issued afterfthe vote, Guild local President Daniel Totten said the uniobn is “committed to resuming good-faith negotiationws with the New York Times Company and Globe management to reach an agreement.” Times and Globe management “must do better,” he said. The cuts proposed by managemen were partof $20 millio n in cost-savings demand by the Times Co.
for the Globe, whicuh it bought in 1993 for $1.1 billion. Times executivezs have said the paper is losingvabout $1 million per week on At one point earlierr this year, Times managers said they would shutteer the paper if unable to achieve Other major unions agreed to concessions in recenft weeks.