Saturday, May 2, 2009

Negotiators work down to wire on fate of Globe

Boston Globe management and the paper’s largest union were locked in high-stakes negotiations last night as they pushed to meet a midnight deadline to reach agreement on millions of dollars in concessions, or risk the shutdown of the 137-year-old newspaper.

The talks with the Boston Newspaper Guild, which represents more than 600 workers, may well determine whether the Globe’s owner, The New YorkTimes Co., makes good on its threat to shutter the newspaper, which is projected to lose $85 million this year without significant cost savings. The Times Co. is seeking $20 million in concessions from its unions, including $10 million from the Guild.

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