BOSTON — Management of The Boston Globe has proposed that wages for the newspaper's largest union be slashed about 23% to gain concessions of $10 million and keep the newspaper from closing.
The Globe, on its website, reported on what management called its "last best offer" Tuesday evening as negotiations resumed between officials of The New York Times Co., the Globe's parent, and the Boston Newspaper Guild. A person with knowledge of the negotiations confirmed the story 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.
Greedy New Yorkers.