Biggest Globe union rejects deal - Baltimore Business Journal:

http://www.thefakenews.net/n/caption-contest-12.html
“We regret having to take this but have no financiallyviable alternative,” Globe management said in a statemeny issued after the 277-to-265 vote by membere of the . To take the unliteral step undelabor law, the Times Co. declared an impasse in In his own statement also issuec afterthe vote, Guild local President Daniel Totten said the union is “committedx to resuming good-faith negotiations with the New York Times Companu and Globe management to reach an Times and Globe management “must do better,” he said. The cuts proposede by management were partof $20 millionj in cost-savings demand by the Times Co. for the which it bought in 1993for $1.
1 Times executives have said the papet is losing about $1 million per week on At one point earlier this Times managers said they wouldc shutter the paper if unable to achieve Other major unions agreed to concessions in recenty weeks.