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No deal in Boston Globe dispute | |
(about 8 hours later) | |
All-night talks between the Boston Globe and its unions ended without a deal on Monday - though will resume within the next few days. | |
Its owner, the New York Times, said it would file a notice with the government that it would shut the paper if there was no agreement on cost cuts. | |
The owners want the unions to agree to $20m (£13.4m) in money saving measures. | The owners want the unions to agree to $20m (£13.4m) in money saving measures. |
Guaranteed jobs for life are expected to be a sticking point, with the unions saying they are not negotiable. | Guaranteed jobs for life are expected to be a sticking point, with the unions saying they are not negotiable. |
The Globe is expected to lose $85m this year. | The Globe is expected to lose $85m this year. |
Struggling | Struggling |
The biggest union, the Boston Newspaper Guild, said it had offered more than $10m in concessions. | The biggest union, the Boston Newspaper Guild, said it had offered more than $10m in concessions. |
There was originally a Friday deadline for agreement, which was extended after some progress was made. | There was originally a Friday deadline for agreement, which was extended after some progress was made. |
Newspapers throughout the US have been struggling in recent years due to competition from online publications. | Newspapers throughout the US have been struggling in recent years due to competition from online publications. |
At least 12,500 jobs have gone in US print journalism in the past two years. | At least 12,500 jobs have gone in US print journalism in the past two years. |