BOSTON — Negotiators for the Boston Globe and its largest union continued lengthy negotiations early today amid a report that the company was proposing to slash wages by 23 percent to gain concessions of $10 million and keep the financially strapped newspaper from closing.
The Globe, on its website, reported on what management called its “last best offer” Tuesday evening as negotiations resumed between officials of The New York Times Co., the Globe’s parent, and the Boston Newspaper Guild.
A person with knowledge of the negotiations confirmed the story to The Associated Press.
The Guild has offered a 3.5 percent pay cut for the 700 editorial, advertising and business employees it represents, plus three unpaid furlough days, for a total salary reduction of just less than 5 percent. It said its offer represents more than the $10 million in concessions sought.
The Globe reported that the 23 percent wage reduction was first presented during a marathon negotiating session Sunday.
The two sides gathered Tuesday night for further talks at a location outside Boston.
