Union, Chronicle Reach Tentative Agreement
The San Francisco Chronicle and a union representing about 900 of its employees have reached a tentative agreement on a new labor contract.
The agreement avoids any immediate layoffs at the newspaper, but union leaders described it as a major setback because it called for so many concessions from workers.
The agreement includes employee buyout offers that are intended to eliminate 120 jobs -- the centerpiece of a reorganization designed to reverse the mounting losses that have been piling up since Hearst Corp. bought the Chronicle for $660 million nearly five years ago.
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