The Boston Globe and its largest labor union are scheduled to resume negotiations over how best to achieve $10 million in contract concessions.

The two sides are to meet again Monday following two marathon negotiating sessions last week.

The talks began after members of the Boston Newspaper Guild narrowly rejected a new contract that called for an 8.3 percent wage cut, unpaid furloughs, benefit cuts and the elimination of lifetime job guarantees for nearly 200 staffers.

The paper's parent company, The New York Times Co., then imposed a 23 percent pay cut, saying it needed $20 million in concessions from Globe unions to keep the newspaper open.

The sides appear close to a new agreement. The Guild already has scheduled a vote for any new contract on July 20.