Monday, April 6, 2009

Publisher: Boston Globe can overcome financial woes

Boston Globe publisher P. Steven Ainsley, in a memo to staff, confirmed for the first time that executives met with Globe unions last week to seek ‘‘significant’’ concessions, and indicated the company will squeeze savings from nonunion employees.

Based on recent action, that could include additional pay cuts and layoffs.

Ainsley did not directly address the threat by the paper’s owner, The New York Times Co., to shutter the paper if unions do not quickly agree to $20 million in concessions. But he acknowledged that media reports on a threatened shutdown were ‘‘jarring’’ to employees. Union officials and other employees briefed on the meetings have confirmed the threat.

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