Boston Globe Saved? Tentative Agreement
June 23, 2009 by Stephen Kersey
Filed under Business
The fears that the Boston Globe might have to shut down due to labor disagreements seem to almost be a worry of the past. According to both the Boston Globe and the newspaper’s largest union, a tentative agreement has been reached.
The Boston Globe (Image: Flickr)
Over the course of the negotiations, the Boston Globe has been demanding $10 million worth of cuts in pay and benefits. In this tentative agreement between the two sides, it appears as if that $10 million goal has been accomplished.
While complete terms of the tentative agreement have yet to be made public, certain terms have started to leak out. According to the rumors, pay will be cut about 6% and workers will receive a lump sum pay to come shortly.
The last time the two sides got close to an agreement, a union vote vetoed the proposal. However, this time, industry experts believe that the vote will result in a successful agreement between the Boston globe and its largest union.
