Globe, Largest Union Reach Tentative Pact

Updated from 1:41 a.m. EDT

BOSTON -- The Boston Globe has reached a tentative agreement with its largest union.

The Globe and the Boston Newspaper Guild issued e-mail statements late Tuesday announcing the deal. Guild members are set to vote on the agreement July 20.

Under the agreement, the Globe, which is owned by New York Times Co.(NYT Quote), will save $10 million through salary and benefit reductions. The agreement includes a salary reduction of just less than 6% and changes the language in contracts regarding job security. ...