Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.
Union greed could kill The Boston Globe
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Union greed and intransigence could kill off The Boston Globe newspaper, despite six of the seven unions with members at the struggling paper agreeing to give up concessions to keep the paper alive. The cupidity of the Newspaper Guild at the Globe, which is trying to protect 190 highly paid people with life-time job guarantees of the Guild’s 600 members at the Globe, contrasts not only with the concessions from the other unions on that paper, but with the vote by unionised employees at The New York Times who said yes to a 5% pay cut overnight. That pay cut will now be extended to all non-unionised employees at the Times, according to the Reuters report:
That the New York Newspaper Guild members at the Times could vote convincingly for a wage cut, tells us a lot about the greed of the Boston Newspaper Guild and its members at the Globe with their cushy jobs. Talks between Times Co., Globe management and the Guild resumed a few hours ago (Tuesday evening in Boston) and are scheduled to last most of the night. The Times Co. wants union members to agree to $US20 million of concessions to cut the $US85 million loss estimated for this year. Six of the seven unions with members at the Globe have reached tentative agreements. Yet the jobs of 410 other Guild members at the paper could be endangered by the union’s stance. The union wants a 3.5% wage cut, unpaid leave and other concessions instead of the changes to the lifetime guarantee. Reuters reported that Mary White, president of Teamsters Local 1, which represents 245 mailers, said the talks were “very, very difficult.” “It hasn’t been negotiations, it has been concessionary bargaining,” she said on local WBZ radio. “It has been: ‘What can you give up?’” Two locals with 450 Globe delivery drivers and mailers agreed to cuts that will save the company $US7.5 million a year. But not the Boston Newspaper Guild. The difference between the Globe staff unions and between the Guilds in Boston and at the Times in New York tells us a lot about how many people in the media can’t grasp the enormous and rapid change overtaking the industry. |
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One Comment
I’ve read some sloppy, automatic union-bashing in my time but it’s difficult to fathom how you can start an article: ‘Union greed and intransigence could kill off The Boston Globe newspaper, despite six of the seven unions with members at the struggling paper agreeing to give up concessions to keep the paper alive…’ what you are ‘really’ saying is that ONE OUT OF SEVEN UNIONS IS greedy and intransigent. If you said ‘…Six out of seven unions are cooperating with appallingly managed newspapers even though it costs them money and membership in a vain attempt to keep the papers afloat after the greed and intransigence of managements who refused to take advice or plan properly for the future’ you’d be a lot more accurate. What’s your problem? Year 10 level clear thinking?