BOSTON AP – A new contract agreement between The Boston Globe and its largest labor union could finally end months of contentious negotiations while making the newspaper more attractive to potential buyers.
The Boston Newspaper Guild and the Globe’s owner, The New York Times Co., announced a tentative deal Tuesday night that spares some wage cuts but still has $10 million in annual concessions. The deal was struck two weeks after a similar proposal was narrowly rejected by union members, prompting management to impose a 23 percent wage reduction.
