The World: Boston - Boston Globe to close unless $20m deal is reached

The New York Times has said it will close its Boston Globe publication unless the newspaper's unions agrees to $20 million in concessions.

The concessions, which were outlined in a recent meeting between Times executives and the newspaper's 13 unions, are thought to include pay-cuts, the end of pension contributions by the company and the removal of lifetime job guarantees that are offered to some veteran employees.

Union leaders said the concessions will be negotiated individually with each of the unions in a series of meetings.

Topics

Become a member of Campaign from just £45 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content

Share

1 Why creative people have lost their way

What better way to kick off Campaign's relaunch than with another think piece on the current failings of our industry, written by an embittered, pretentious creative who misses "the way things used to be"...

Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).