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UPDATE: Biggest Union at 'Boston Globe' Agrees to Big Cuts -- but NYT Co. Issues New Threat

Magazine article Editor & Publisher

UPDATE: Biggest Union at 'Boston Globe' Agrees to Big Cuts -- but NYT Co. Issues New Threat

Article excerpt

The Boston Globe's largest union says it has proposed more than the $10 million in cuts sought by its owner to keep the newspaper running.

The New York Times Co. last month threatened to close the 137-year-old Globe unless its unions agreed to $20 million in labor concessions. The Globe's largest union, the Boston Newspaper Guild, was asked to make $10 million in cuts.

In a statement released two hours before a midnight deadline Sunday, the Guild says its proposal calls for "tremendous sacrifices, across virtually all categories of compensation and benefits."

It's unclear whether the Globe's other unions have made proposals for the remaining $10 million in cuts.

UPDATE. Just before midnight the Boston Globe reported:

"With a midnight deadline approaching, Boston Globe management issued an ultimatum to its four major unions: agree to major financial and contract concessions, including the abolition of lifetime job guarantees for some workers, or its owner, the New York Times Co. …

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