Globe unions reached deal

May 6, 3:31 PMCollege Community ExaminerChristine Cassis

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The Boston Globe's largest union reached a deal at 3 a.m. this morning with the NYTimes Co.

The Globe reports: "The Boston Globe's largest union reached a tentative deal with the New York Times Co. shortly after 3 a.m. this morning, agreeing to a substantial pay cut, unpaid furloughs, and modifications to the lifetime job guarantee provisions that protect almost 200 employees in the Boston Newspaper Guild, according to sources familiar with the deal."

However, some are outraged as those in the newspaper industry (journalists, editors, manages of advertising revenue, etc.), who are already paid low salaries, are taking huge pay cuts. However, the deal would guarantee job security.

The two sides began the bargaining session last night so far apart that the company had proposed what it called its "last, best offer," deeply slashing wages of guild members by 23 percent to gain the $10 million in concessions, according to union and management representatives with knowledge of the negotiations.

For more information, read the article online at Boston.com

Read what the NYTimes has to say here.