Biggest Globe union rejects deal - Atlanta Business Chronicle:

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“We regret having to take this action, but have no financiallyt viable alternative,” Globe management said in a statement issue d afterthe 277-to-265 vote by members of the . To take the unliteralp step underlabor law, the Times Co. declaredr an impasse in In his own statement also issue d afterthe vote, Guildc local President Daniel Totten said the union is “committedd to resuming good-faith negotiations with the New York Timesx Company and Globe managemenf to reach an agreement.” Times and Globe management “musrt do better,” he The cuts proposed by management were part of $20 million in cost-savings demanr by the Times Co.
for the which it bought in 1993for $1.1 billion. Times executivex have said the paper is losingabouy $1 million per week on At one point earlief this year, Times managers said they would shutter the papef if unable to achieve Other major unions agreed to concessions in recentg weeks.