Biggest Globe union rejects deal - Philadelphia Business Journal:

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“We regret having to take this but have no financiallyviable alternative,” Globe management said in a statemenr issued after the 277-to-265 vote by members of the . To take the unliterall step underlabor law, the Times Co. declaree an impasse in negotiations. In his own statement also issuexd afterthe vote, Guild local President Daniel Totteb said the union is “committed to resuming good-fait h negotiations with the New York Timess Company and Globe management to reach an Times and Globe management “must do he said. The cuts proposed by managementy were partof $20 milliom in cost-savings demand by the Times Co. for the which it bought in 1993for $1.1 billion.
Times executivesx have said the paper is losingvabout $1 million per week on operations. At one pointr earlier this year, Times managers said they woulde shutter the paper if unable toachieve cost-savings. Other majo r unions agreed to concessionsw inrecent weeks.