Globe, Guild reach new proposed deal

After the big union vote two weeks ago, The Boston Globe and Boston Newspaper Guild came to new terms on a new deal that is very similar from the last one that was voted down.

Details of the new agreement include a smaller pay-cut than the initial 23 percent imposed. Freeze the pension plan, five days of unpaid furloughs, and eliminate lifetime job guarantees, which is about 170 employees. 

One significant change from the original deal is the pay cut.  Instead of 8.4 % it's been decreased to 5.94 % pending the vote.

The new proposal will be voted on Monday July 20th.

If this is passed the current imposed 23 percent the pay cut will be reimbursed to the employees in a lump-sum payment, which was reported this morning on NECN's Good Morning Live.

The union members are getting a second chance. Hopefully this time it'll be a done deal.

Keeping you posted folks.