BOSTON: After The Boston Globe's largest union, the Boston Newspaper Guild, narrowly voted to reject $10 million in annual pay and benefit cuts on June 8, the newspaper's management said it will impose a 23% wage reduction next week.
While the newspaper, a property of The New York Times Co., said it has “no financially viable alternative” to the pay cut, it left the door open for negotiations with the Boston Newspaper Guild. Globe management is “available to meet any day this week to review implementation of the pay cut,” according to a newspaper statement.
Dan Totten, president of the guild, said in a statement that his union “is committed to resuming good-faith negotiations with The New York Times Co. and Globe management to reach an agreement.”
The union hired O'Neill and Associates in April after the Times Co. threatened to close the Globe.