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AP
A customer buys a Boston Globe from a street newsstand in Boston today as the newspaper's largest union, the Newspaper Guild, which represents editorial, advertising and financial workers, was voting to reject the company's latest offer. The Globe is owned by the New York Times.

Globe's largest union rejects cuts. The Boston Globe's story:

The Boston Globe's largest union tonight narrowly rejected $10
million in wage and benefit cuts, and about an hour later the paper's owner
declared an impasse in negotiations and imposed a 23 percent pay cut on the union's members, effective next week.

The move by The New York Times Co., which said the Globe's dire
financial condition gave it no choice, could quickly shift the bitter
contract dispute from the bargaining table to the National Labor Relations
Board and federal courts. The Boston Newspaper Guild, which represents
nearly 700 editorial, advertising, and business office workers, has told
members it would file unfair labor practice charges with the board, and
seek a court order blocking the Times Co. from imposing the pay cut.

Turnout is high in Globe union vote on cutbacks. The Globe, earlier:

About 80 percent of the members The Boston Globe's largest union turned out to vote on whether to accept $10 million in wage and benefit cuts that the newspaper's owner, The New York Times Co., says it needs to keep operating the money-losing paper.

...Nearly 550 of 690 editorial, advertising, and business office workers represented by the Boston Newspaper Guild cast ballots on a contract proposal that would cut their pay by about 10 percent, slice health and retirement benefits, and eliminate lifetime job guarantees, union officials said.

The Boston Herald is all over it:

Times makes Guild pay: Globe union faces 23 percent wage cut after voting down contract

Statement from Dan Totten, president of the Boston Newspaper Guild.

Statement from The Boston Globe