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Boston Globe Union Votes on Pay, Benefit Cuts
Topics:Television | Media
Sectors:Media
By: AP | 08 Jun 2009 | 08:05 AM ET
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Members of The Boston Globe's largest employee union will vote on whether to accept deep concessions in wages and benefits designed to avoid the possible closure of a newspaper losing more than $1 million per week.

Voting by The Boston Newspaper Guild is scheduled to start Monday morning.

The proposed concessions call for an 8.3 percent wage cut, five days of unpaid furloughs and cuts to health care benefits, 401(k) contributions and pensions.

The contract also would eliminate lifetime job guarantees for 190 Guild workers.

The Globe's parent company, the New York Times [NYT  Loading...      ()   ], says it needs $20 million in annual savings from Globe unions -- half of that from the Guild -- to avoid shutting down the 137-year-old newspaper.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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