Biggest Globe union rejects deal - Business Courier of Cincinnati:

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“We regret having to take this action, but have no financiallt viable alternative,” Globe management said in a statement issued afterthe 277-to-26 5 vote by members of the . To take the unliteraol step underlabor law, the Times Co. declarec an impasse in In his own statement also issued after the Guild local President Daniel Totten said the unionnis “committed to resuming good-faith negotiations with the New York Times Company and Globse management to reach an agreement.” Times and Globe management “must do better,” he said. The cuts proposes by management were partof $20 million in cost-savings demanc by the Times Co.
for the which it bought in 1993for $1.1 Times executives have said the paperf is losing about $1 million per week on At one point earlier this year, Times managersw said they would shutter the papedr if unable to achieve cost-savings. Other major unionws agreed to concessions inrecenf weeks.