UPDATE @ 10:14 a.m.: Taking a break. And, this from the NYT VP doing the negotiating:
"We have no plans to file a notice at this moment," Thornton said as he left the negotiations.Intense negotiations in Boston over the past couple days have not resulted in a deal to save the Boston Globe -- yet. The Globe's owner, The New York Times Co., is playing hardball with the Globe's unions. As of now, it looks like there's no agreement. Here's the latest:
The Boston Globe pressmen’s union said this morning it reached a tentative agreement with the New York Times Co., but representatives from the newspaper’s largest union have gone home for the day after the company rejected its offer, which included $10 million in cuts to salaries and benefits.Growing up, the Globe was the big city paper. It's an institution for people from the greater Boston area.
The New York Times Co. issued an ultimatum last night, saying it was prepared to begin the process of shuttering the 137-year-old newspaper if its unions do not agree to major financial and contract concessions, including the abolition of lifetime job guarantees for some workers. The closing process would be triggered by a filing, which management has threatened to submit today, notifying the state of its intention to shut the Globe within 60 days.
The Boston Newspaper Guild, the Globe’s largest union representing more than 600 editorial, advertising, and business office workers, said management rejected a proposal that included a 3.5 percent pay cut for most employees, an unpaid furlough, an increase in the early retirement age, and a reduction in pension and 401(a) contributions.
