Boston Globe Saved for Now: Reaches Deal With Unions

May 6, 2009

(ChattahBox)—The New York Times is reporting the Boston Globe reached a tentative deal with the Guild, the last union to hold out on major concessions and wage cuts demanded of the Times Company for the Globe to continue operation. After a grueling 19-hour bargaining session on Monday, talks with the newspapers’ Guild broke off, resuming on Tuesday, when finally a deal was reached in the wee hours of the morning at 3:AM.

The Boston Globe has been bleeding money lately, like many newspapers in this recession. Last week the Globe’s owner, the New York Times Company, threatened to shut the paper down unless the unions agreed to wage and benefit concessions worth $20 million a year. For days the unions balked at the concessions and the strong arm tactics of negotiators, finally agreeing to a deal, with the Guild, representing nearly 600 newsroom workers, holding out.

The Guild balked at the loss of lifetime job security for its older members, many working for decades at the paper. The New York Times Company wanted the option to lay employees off who have been on the job for many years, to save money.

The terms of the deal have to be presented to the union members on Thursday before they are finalized.

It looks like for now the Boston Globe is saved and the venerable award winning paper can continue printing the news.


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