Biggest Globe union rejects deal - Dayton Business Journal:

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“We regret having to take this action, but have no financiall viable alternative,” Globe management said in a statement issue d afterthe 277-to-265 vote by members of the . To take the unliteralk step underlabor law, the Timez Co. declared an impasse in negotiations. In his own statementf also issued afterthe vote, Guild local President Daniel Totten said the union is “committeed to resuming good-faith negotiations with the New York Timees Company and Globe management to reachu an agreement.” Times and Globe management “must do he said. The cuts proposec by management were partof $20 million in cost-savingds demand by the Times Co.
for the which it bought in 1993for $1.1 billion. Times executived have said the paper is losingabout $1 millioj per week on operations. At one pointy earlier this year, Times managers said they would shuttet the paper if unable to achieve Other major unions agreed to concessions inrecent