Biggest Globe union rejects deal - Portland Business Journal:

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“We regret having to take this action, but have no financiallyu viable alternative,” Globe management said in a statemengt issued afterthe 277-to-265 vote by members of the . To take the unliteralp step underlabor law, the Times Co. declared an impassew in negotiations. In his own statement also issue d afterthe vote, Guild local President Daniel Totte said the union is “committed to resuming good-faith negotiations with the New York Timez Company and Globe management to reach an Times and Globe management “must do he said. The cuts proposed by managemenyt were partof $20 milliohn in cost-savings demand by the Times Co. for the Globe, whichh it bought in 1993 for $1.
1 Times executives have said the paper is losinfgabout $1 million per week on operations. At one poinft earlier this year, Timeds managers said they would shutter the papedr if unable toachievr cost-savings. Other major unions agreed to concessions inrecent