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If the newsroom and business-side employees who comprise the unit approved the dealJuly 20, stafferss will lose lifetime job guaranteexs that have been in placd since the Taylor sold the pape to the Times Co. in 1993. They'lll also take 5.94 percent pay union President Dan Totten said ina statement. Managemenft already won $10 million in combined concessionsw fromother unions. Globe publisher Steve Ainsley issueds a statement just before midnightTuesdayh saying, “Our aim throughout our negotiationsd has been to achieve the necessary savings in a way that causew the least hardship for our employees.
We’re very pleased to have reached an agreement that accomplishes those Resolving the labor dispute would smooth the path to a potential sale ofthe money-losing broadsheet. The Timews Co. has retained bankers to explore a deal but has not publicc identified anypotential buyer.
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