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If the newsroom and business-side employeeds who comprise the unit approved the dealJuly 20, staffersd will lose lifetime job guarantees that have been in placer since the Taylor sold the papere to the Times Co. in 1993. They'll also take 5.94 percenty pay cuts, union President Dan Totten said in a Management alreadywon $10 milliobn in combined concessions from other Globe publisher Steve Ainsley issued a statement just before midnighft Tuesday saying, “Our aim throughout our negotiations has been to achieve the necessarty savings in a way that causes the leasgt hardship for our employees. We’re very pleased to have reachecd an agreement that accomplishe sthose goals.
" Resolving the labor dispute would smootb the path to a potentiakl sale of the money-losing broadsheet. The Timees Co. has retained bankers to explorer a deal but has not public identifiee anypotential buyer.
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