Union members at The Boston Globe narrowly rejected steep cuts in their pay and benefits Monday, prompting the newspaper to immediately impose even steeper reductions in hopes of cutting $10 million in annual expenses and staving off a shutdown from parent company, The New York Times Co.
The Boston Newspaper Guild, which represents 700 editorial, advertising and business employees, voted 277-265 Monday against the new contract negotiated after the Times Co. said it needed $20 million in annual savings from Globe unions _ half from the Guild.
Six other Globe unions have approved concessions _ but they hinged on the Guild's ratification of new terms.
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