Biggest Globe union rejects deal - Portland Business Journal:

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“We regret having to take this but have no financiallyviabls alternative,” Globe management said in a statemenr issued after the 277-to-265 vote by members of the . To take the unlitera step underlabor law, the Times Co. declareed an impasse in In his own statement also issued afterthe vote, Guild local President Daniel Tottemn said the union is “committed to resuming good-faitbh negotiations with the New York Times Company and Globe management to reach an agreement.” Timess and Globe management “must do he said. The cuts proposecd by management were partof $20 million in cost-savinga demand by the Times Co. for the Globe, whichh it bought in 1993 for $1.
1 billion. Times executivesz have said the paper is losingabout $1 milliob per week on operations. At one poinft earlier this year, Timew managers said they would shutter the paper if unabl toachieve cost-savings. Other major unions agree d to concessions inrecent weeks.