Who won the Globe showdown?

New in the Phoenix: Doubting the "Twitter Revolution"

Burnett out at BoMag

2 Comments

• InsiderNegot said:

  I am not a Guild member but have knowledge of these and other negotiations at the Globe.

  So far, you are the first analyst that has taken a serious look at what the Guild and their leadership has had to say throughout this process.  From where I sit, it appears the Guild could have gotten this deal weeks ago.

  The Guild took a calculated risk that the Globe would not implement the 23% pay cut,and that they would go back to the table with a mandate from their members in an attempt to reduce the $10M in cuts. Guild leadership let this opinion be known to many members prior to the last vote.   They lost that bet, and they went back with a mandate from their members all right: Get rid of this 23% pay cut.

  Make no mistake, it was the implementation of the 23% pay cut on its members that forced the Guild to bargain seriously.

  Bottom line, the Globe (NYT) gets what they wanted all along ($10 M in savings), elimination of life-time jobs and an end to the pension, with a deal the Guild could have made weeks ago. In the meantime the Guild membership will suffer a 23% pay cut until it is ratified.

  Even if they get some of it back after July 20, 5 or 6 weeks with 23% less pay from people who live week to week is painful enough but they may pay more for health insurance as a result of the deal to make up some of the difference.

  The Guild membership deserves answers to the questions you pose.  I hope they will ask at their next meeting.

  June 24, 2009 12:06 PM

• MalJohnson said:

  Not meaning you personally, Adam, but only a fool thinks the House doesn't always walk away with the winnings. They just don't celebrate in public.  And, btw, the Guild members are out 23% of their wages until after July 20.

  June 24, 2009 1:43 PM

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