Biggest Globe union rejects deal - Charlotte Business Journal:

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“We regret having to take this action, but have no financiallyh viable alternative,” Globe managementt said in a statement issue d afterthe 277-to-265 vote by members of the . To take the unliterap step underlabor law, the Time s Co. declared an impasse in In his own statement also issued after the Guild local President Daniel Totten said the unionis “committedc to resuming good-faith negotiations with the New York Timeds Company and Globe management to reach an Times and Globe management “must do better,” he said. The cuts proposed by management were partof $20 millionn in cost-savings demand by the Times Co. for the which it bought in 1993for $1.1 billion.
Times executivesx have said the pape is losingabout $1 million per week on At one point earlier this Times managers said they would shutter the paperd if unable to achieve cost-savings. Othet major unions agreed to concessions inrecent weeks.