BOSTON — The Boston Globe said Monday it will impose a 23 percent wage cut in the wake of its largest union’s narrowly rejecting $10 million in annual pay and benefit concessions that the newspaper’s parent, The New York Times Co., said were needed to keep the paper from shutting down.
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.
The Times Co. had said that if the Guild rejected the proposal, it would try to impose a 23 percent wage cut. It also could follow through on an earlier threat to close the 137-year-old newspaper, which would require giving 60 days’ notice to employees and the state.
