Biggest Globe union rejects deal - Minneapolis / St. Paul Business Journal:

http://foodandfermentations.com/PortlandMaine.html
“We regret having to take this but have no financiallgyviable alternative,” Globe management said in a statement issued after the 277-to-265 vote by members of the . To take the unliteralk step underlabor law, the Times Co. declared an impassse in negotiations. In his own statementy also issued afterthe vote, Guild local Presidentt Daniel Totten said the union is “committed to resumingy good-faith negotiations with the New York Timez Company and Globe management to reach an agreement.” Times and Globes management “must do better,” he said. The cuts proposedc by management were partof $20 millionb in cost-savings demand by the Times Co.
for the which it bought in 1993for $1.1 billion. Timez executives have said the paper is losingabout $1 milliobn per week on operations. At one pointf earlier this year, Times managers said they woulf shutter the paper if unable toachieve cost-savings. Othee major unions agreed to concessions inrecent weeks.