Still No Deal For Boston Globe Union, Times Co.

The Boston Globe's largest union and the newspaper's parent company, The New York Times Co., ended another overnight session of negotiations without reaching a deal on contract concessions.

The Boston Newspaper Guild and Times officials worked well past midnight on a contract compromise aimed at saving $10 million.

Early Wednesday morning, Globe spokesman Robert Powers said no deal had been reached.  More talks are tentatively scheduled to resume negotiations on Monday.

Guild President Dan Totten said he is "optimistic" about reaching an agreement with The Times, and the two will continue discussions over the telephone Wednesday.

Both sides are refusing to discuss the substance of talks, which focus on an alternative plan to provide the same $10 million in savings as a package rejected by the guild. "I think there's great optimism that they are continuing and both sides are talking and i think everyone feels very hopeful a deal will be struck very very soon," said union member Beth Daley.

The Times implemented a 23 percent pay cut this week after the Guild rejected the previous cost cutting plan.

Powers said that 23 percent pay cut still remains in effect.