NYT Co. Threatens to Shutter 'Boston Globe' | Adweek NYT Co. Threatens to Shutter 'Boston Globe' | Adweek
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NYT Co. Threatens to Shutter 'Boston Globe'

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NEW YORK The New York Times Co. has threatened to shutter the Boston Globe unless the newspaper's unions agree to $20 million in concessions, union leaders told the Globe.

"Executives from the Times Co. and Globe made the demands Thursday morning in an approximately 90 minute meeting with leaders of the newspaper's 13 unions, union officials said," the paper reported. "The possible concessions include pay cuts, the end of pension contributions by the company and the elimination of lifetime job guarantees now enjoyed by some veteran employees, said Daniel Totten, president of the Boston Newspaper Guild, the Globe's biggest union, which represents more than 700 editorial, advertising and business office employees."

Catherine Mathis, a Times Co. spokeswoman, declined to comment. Globe publisher P. Steven Ainsley also declined.

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The concessions will be negotiated individually with each of the unions, said Totten and Ralph Giallanella, secretary-treasurer of the Teamsters Local 259, which represents about 200 drivers who deliver the newspaper.

"We all know the newspaper industry is going through great transition and loss," said Giallanella. "The ad revenues have fallen off the cliff. Just based on everything that's going on around the country, they're serious."

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