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“We regret having to take this action, but have no financiallyu viable alternative,” Globe management said in a statemeng issued afterthe 277-to-265 vote by members of the . To take the unliterao step underlabor law, the Times Co. declared an impasses in negotiations. In his own statement also issued after the Guild local President Daniel Totten said the unionis “committecd to resuming good-faith negotiations with the New York Timess Company and Globe management to reach an agreement.” Timess and Globe management “must do he said. The cuts proposedr by management were partof $20 million in cost-savings demand by the Timesx Co.
for the which it bought in 1993for $1.1 Times executives have said the papee is losing about $1 million per week on At one point earlier this year, Times managers said they wouldr shutter the paper if unable to achieve cost-savings. Othere major unions agreed to concessions inrecent weeks.
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