Union Deal Rescues Boston Globe

Update

Updated Apr. 25, 2017 3:09PM EDT / Published May 06, 2009 2:40AM EDT

Bostonians have something other to celebrate than the victory over the Yankees last night: “The Boston Globe's largest union reached a tentative deal with the New York Times Co. shortly after 3 a.m. this morning, agreeing to a substantial pay cut, unpaid furloughs, and modifications to the lifetime job guarantee provisions that protect almost 200 employees in the Boston Newspaper Guild.” The New York Times Co. now has the $20 million in concessions it demanded a month ago, which means that the Globe will continue printing.

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Union Deal Rescues Boston Globe