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THURSDAY, NOVEMBER 26, 2009
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5

Globe's Rank-and-File Will Take Pay Cuts—if Execs Do

Management, unions sit down

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(Newser) – Unionized Boston Globe employees say they’re willing to make sacrifices to save their foundering newspaper—but only if executives and managers do the same, the Globe reports. “If management is willing to lead us, to take pay cuts and concessions, I'm sure the union would be willing,” a mailer says. The New York Times Co. has threatened to close the Globe unless its unions make $20 million in concessions.

Executives will meet with the paper’s 13 unions—which represent 1400 employees—this week, and one union leader says concessions must be made within a month. The Globe is projected to lose $85 million this year alone. “We'll give back, but they've got to give back their bonuses and take pay cuts,” a machinist says.

A lamp at the entrance to the old New York Times building is shown. The New York Times Co. has threatened to close the money-losing Boston Globe.
A lamp at the entrance to the old New York Times building is shown. The New York Times Co. has threatened to close the money-losing Boston Globe.   (AP Photo/Mark Lennihan, file)
People walk into the main entrance of The Boston Globe newspaper. Employees say they're willing to take pay cuts to keep the paper alive.
People walk into the main entrance of The Boston Globe newspaper. Employees say they're willing to take pay cuts to keep the paper alive.   (AP Photo/Steven Senne, File)
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Last week I was worrying about me, but now it's not just my job, but this great paper. I've been reading it since I was a little girl, and I always wanted to work for the Globe. - business reporter Jenifer McKim

We never thought we'd have to worry about the demise of the newspaper. We've given up so much. I think I can give a little more. - mailer James McLaughlin

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5 comments
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TerrifiedCitizen
Apr 5, 09 4:59 PM CDT
I'm not sure how, but the historical and dynastic newsprint empires will somehow push this incredibly logical compromise to the background through sheer arrogance... they've been around so long they are still denying the thought that the glory years are over. They've become such puppets of the gov though that their demise may yet be pardoned by gov intervention as I suspect the Postal Department may be as well. Reply
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AClotfelter
Apr 5, 09 6:42 PM CDT
Management should always lead by example... Reply
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SPH
Apr 6, 09 2:49 AM CDT
Management won't concede a thing...They would rather the business fails then give up their perks.... Reply
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oldgoat
Apr 6, 09 3:06 AM CDT
Seems like a fair request but I'l buess that they don't take the union up on the deal Reply
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radnip
Apr 7, 09 3:37 AM CDT
Just make sure it's TOTAL compensation, and not just salary. Executives are a squirmy bunch and they are rarely sincere. Reply
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