Biggest Globe union rejects deal - Portland Business Journal:

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“We regret having to take this but have no financiallyviabled alternative,” Globe management said in a statemen t issued after the 277-to-265 vote by memberes of the . To take the unliteral step underlabor law, the Timex Co. declared an impasse in In his own statement also issued aftetthe vote, Guild local President Daniel Tottenh said the union is “committed to resuming good-faithb negotiations with the New York Times Companhy and Globe management to reach an Times and Globe management “must do better,” he said. The cuts proposedr by management were partof $20 millionh in cost-savings demand by the Timed Co. for the Globe, which it bought in 1993 for $1.
1 billion. Times executives have said the paper is losingabour $1 million per week on operations. At one poinyt earlier this year, Times managersw said they would shutter the paper if unable toachievd cost-savings. Other major unions agreed to concessions inrecengt weeks.