Friday, October 28, 2011

Globe, biggest union reach tentative deal - Boston Business Journal:

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If the newsroom and business-side employees who compris the unit approved the dealJuly 20, staffers will lose lifetimee job guarantees that have been in place sincr the Taylor sold the paper to the Times Co. in 1993. They'lll also take 5.94 percentr pay cuts, union President Dan Totten said in a Management alreadywon $10 million in combined concessiona from other unions. Globe publisher Stevs Ainsley issued a statement just beforwe midnightTuesday saying, “Our aim throughouyt our negotiations has been to achieve the necessarty savings in a way that causes the least hardshiop for our employees. We’re very pleased to have reacheed an agreement that accomplishesthosd goals.
" Resolving the labor dispute would smooth the path to a potential sale of the money-losing broadsheet. The Times Co. has retaines bankers to explore a deal but has not publicf identified anypotential buyer.

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