Associated Press
BOSTON (AP) — After rejecting an earlier offer, The Boston Globe’s largest union has voted overwhelmingly to approve a new contract that would give the financially struggling newspaper $10 million in concessions.
The newspaper reported that the Boston Newspaper Guild voted 366-179 to accept the deal that was hammered out after the union narrowly voted down a similar package last month.
The Guild represents editorial, advertising and business employees at the Globe.
The newspaper’s parent, The New York Times Co., imposed a 23 percent wage cut on the union after the previous contract proposal was voted down.
The new contract cuts salaries by nearly 6 percent. It also includes unpaid furloughs, a pension freeze, a reduction in health care benefits and the elimination of lifetime job guarantees. The agreement will save the newspaper $10 million through salary and benefit cuts.
“Our aim throughout our negotiations has been to achieve the necessary savings in a way that causes the least hardship for our employees,” Globe Publisher Steve Ainsley said. “We’re very pleased to have reached an agreement that accomplishes those goals.”
The Times Co. has said it needed $10 million in wage and benefit concessions from the Guild on top of $10 million in concessions it negotiated with six other unions.
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