Boston Globe, Union Reach Tentative Deal
{{#rendered}} {{/rendered}}The Boston Globe has reached a tentative agreement with its largest union.
The Globe and the Boston Newspaper Guild issued e-mail statements late Tuesday announcing the deal. Guild members are set to vote on the agreement July 20.
Under the agreement, the Globe will save $10 million through salary and benefit reductions. The agreement includes a salary reduction of just less than 6 percent and changes the langage in contracts regarding job security.
{{#rendered}} {{/rendered}}The 23 percent wage cut will remain in place until the Guild votes in July. In the meantime, employees will receive a lump sum payment to partially compensate for wages lost.
Guild President Dan Totten said further details would be available at a union meeting Wednesday.