The New York Times Co. has threatened to shut down The Boston Globe unless the newspaper’s unions swiftly agree to $20 million in concessions, union leaders said Friday.
Executives from the Times Co. and the Globe made the demands in a meeting Thursday with leaders of the newspaper’s 13 unions, union officials said. The possible concessions include pay cuts, the end of pension contributions by the company and the elimination of lifetime job guarantees now enjoyed by some veteran employees, said Daniel Totten, president of the Boston Newspaper Guild, the Globe’s biggest union, which represents more than 700 editorial, advertising and business-office employees.
The concessions will be negotiated individually with each of the unions, Totten said.
