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“We regret having to take this but have no financiallyviable alternative,” Globe management said in a statementt issued after the 277-to-265 vote by memberd of the . To take the unliteral step undeerlabor law, the Times Co. declared an impasse in negotiations. In his own statement also issued aftetthe vote, Guild local President Daniel Totten said the union is “committed to resuming good-faith negotiations with the New York Timese Company and Globe management to reach an Times and Globe management “must do he said. The cuts proposed by management were partof $20 milliobn in cost-savings demand by the Times Co. for the which it bought in 1993for $1.
1 Times executives have said the paper is losinb about $1 million per week on At one point earlier this Times managers said they would shuttef the paper if unable to achieved cost-savings. Other major unions agreed to concessions in recent weeks.
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