Globe Union And Times Co. Reach Tentative Agreement
Last night, The Boston Globe‘s largest union, the Boston Newspaper Guild, finally reached a tentative agreement with the paper’s owner, the New York Times Co, giving the company the $10 million in cost savings it has been seeking for months.
According to guild president Dan Totten, the new agreement “includes a 5.94 percent salary reduction, modifications to contract language on job security and other concessions.” This means that, if this deal is ratified, lifetime job guarantees for about 170 veteran guild employees will be eliminated and the pension plan will be frozen, the Globe said
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