Boston: Negotiators for The Boston Globe and its largest union continued lengthy negotiations early Wednesday amid a report that the company was proposing to slash wages by 23% to gain concessions of $10 million and keep the financially-strapped newspaper from closing.
Officials of The New York Times Co., the Globe’s owner, and the Boston Newspaper Guild began their latest round of talks shortly after 5 pm yesterday. There was no indication how long the two sides would meet.
The Globe, on its Web site, reported earlier on what management called its “last best offer” to the union. A person with knowledge of the negotiations confirmed the report to The Associated Press.
The Guild has offered a 3.5% pay cut for the 700 editorial, advertising and business employees it represents, plus three unpaid furlough days, for a total salary reduction of just under 5%. It said its offer represents more than the $10 million in concessions sought.
The Globe reported that the 23% wage reduction was first presented during a marathon negotiating session on Sunday. The Globe reported that a spokesman for the newspaper, Robert Powers, declined comment. Powers could not be reached by the AP late Tuesday.