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When the members of the Boston Newspaper Guild vote Monday whether or not to accept the deal with the New York Times Co. (NYSE: NYT) that is supposed to save the Boston Globe from closing, at least one of their own wants them to call the NYTCo’s bluff by voting “no.”
But company spokeswoman Catherine Mathis issued a don’t-go-there warning via The Boston Phoenix Thursday: “Closure is a very real path for the Company to take. We have said that we need to achieve $20 million in savings from our unions in Boston. At the end of the ratification process (the drivers vote on Sunday and the Guild votes on Monday), we need to have secured the full amount. With the Guild we have two different paths to achieve savings of $10 million. One, ratification of the contract. Two, implementation of a 23 percent wage reduction. The Guild seems to believe it can reject the contract, prevent implementation and thereby force further negotiation. That’s not right. Time is of the essence.”
The deal struck May 6 as negotiations continued passed the deadline set for announcing the paper’s closure amounts to a 10 percent wage cut and gives the company more flexibility with layoffs; the cuts are valued at $10 million. Globe reporter Brian Mooney has been lobbying against it, telling media critic Dan Kennedy : “the Times Company’s own finances are so fragile, the cost of closing us would wreck the parent company.”
In this age of uncertainty, though, how many of his colleagues feel like rolling the dice?