Large Globe union, management take a break from talks
9:31 AM Mon, May 04, 2009 | Permalink
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BOSTON (AP) -- The Boston Globe's largest workers union and the newspaper have finished all-night contract-concession talks without a deal, but will go back to the bargaining table. Cosmo Macero, a spokesman for the Newspaper Guild, says the union and management stopped negotiating at about 8 a.m. and "should resume in the next day or so." He did not have additional information. Two other unions representing some Globe workers reached tentative agreements on concessions with management earlier Monday morning. The mailers union agreed $5 million in concessions while the delivery drivers agreed to about $2.5 million in concessions. The Globe's owner, The New York Times Co., has threatened to close the newspaper unless the unions agreed to $20 million in cuts. The Guild did not release specifics on what kinds of wage or benefit cuts it had proposed to the Times Co. The union said further details would be made public once all Guild members have had a chance to review them. The Times Co. would not comment on the Guild's proposal. "We are continuing to negotiate," Times Co. spokeswoman Catherine Mathis said earlier Monday. Like many other newspapers, the Globe has been struggling amid declining advertising revenues and dropping circulation as readers migrate to the Internet. The Globe had $50 million in operating losses in 2008 and is projected to lose $85 million this year. The Times Co., which bought the Globe in 1993, has said that of all its newspaper properties, the Globe has been the most dramatically affected by the recession and the advertising downturn. New York Times Co. Chairman Arthur Sulzberger Jr. said at the company's annual shareholders meeting last month that more needed to be done to align the Globe's costs and revenues. 
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