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As the tension mounts between the Boston Globe’s union and the New York Times Co. The NYT has threatened to shut down Boston Globe. The threat comes after the newspaper’s papers union showed reluctance to accepting the $20 million in concessions. These concessions include cuts in pay, removal of lifetime job guarantee. While those are definitely harsh for the employees, things aren’t easy for the NYT as well as it has been seeing quite a lot of trouble during these tough economic times.