Paper's Owner Strikes Deal With 6 Out Of 7 Unions
STEVE INSKEEP, host:
NPR's business news starts with no news about the future of the Boston Globe.
(Soundbite of music)
INSKEEP: The talks aimed at saving New England's major daily newspaper are still at an impasse, which means The Boston Globe still faces the possibility of closure. In a small reprieve, the Globe's owner, the New York Times Company did not file a shutdown notice with federal authorities, as it had threatened to do late Sunday night. The Times is trying to extract $20 million in concessions from workers. Yesterday, managers reached agreements with six of the Boston paper's seven unions. The largest union, with about 600 workers, is still holding out, and a key sticking point is the Times demand that the union give up job guarantees to make it easier to fire people and cut costs.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.