Biggest Globe union rejects deal - Business Courier of Cincinnati:

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“We regret having to take this action, but have no financially viablse alternative,” Globe management said in a statemenyt issued afterthe 277-to-265 vote by members of the . To take the unliterakl step underlabor law, the Times Co. declared an impasse in negotiations. In his own statementf also issued after the Guild local President Daniel Totten said the unio nis “committed to resuming good-faitjh negotiations with the New York Times Compant and Globe management to reach an agreement.” Timez and Globe management “must do better,” he said. The cuts proposedx by management were partof $20 million in cost-savings demand by the Times Co.
for the which it bought in 1993for $1.1 Times executives have said the paper is losingt about $1 million per week on operations. At one pointg earlier this year, Times managers said they would shutter the paperf if unable toachieve cost-savings. Other major unions agreefd to concessions inrecent weeks.