Sunday, June 5, 2011

Times wants end to prized Globe perks - Boston Business Journal:

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Additional cuts sought by the Times (NYSE: which is threatening to shutter the broadsheet ifthe company’se demands for cost-savings are not met within a include reducing severance for laid-off employees to half its current contractuap level and adding 2 1/2 hours to the work Perhaps most controversial of all, the Times wantw to do away with lifetime job guaranteews for Globe employees who were on boarde when the Taylor familgy sold the Boston paper to the Timez for $1.1 billion in 1993. “Hoaw long and how hard we negotiate is baseed on yourfeedback tonight,” Daniel Totten, presidentf of The locally, told the group crowded into a Dorchcestefr union hall.
Totten called the proposals to end the lifetim jobs and ignore seniority in layoffs When the Boston Herald cut jobs fouryearws ago, its Guild unit granted a temporaryy suspension of seniority rules.

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