As the midnight deadline approached, union officials said they had essentially agreed to financial concessions that the Times Co. was seeking. The Guild, in a statement tonight, said the union had ‘‘presented the New York Times Company and Globe management with a proposal that exceeds the $10 million in cuts demanded.Obviously, though you wouldn't know it by what the Times and Globe is reporting, this isn't about the money. It's about the lifetime guarantees. Can't sell the paper until you get rid of them. Maybe the Times should have thought about that before it agreed to those terms when it took on more than a billion to acquire the Boston Globe in 1993, money that's handicapping the papers now? Seems as if it's those two bad business decisions now that's crippling the paper, not the unions.
Monday, May 04, 2009
Lost in the Times/Globe Shuffle
is the fact that the Globe's lone union still holding out did make the $10 million in concessions asked of them.