Unions at the Chicago Sun-Times, which has been in bankruptcy since March, are balking at signing off on a new contract being proposed by those looking to purchase the paper.
FOX News Chicago says the proposed new contract would require employees to take a 15-percent pay cut, and adopt a 401k retirement savings plan, instead of the pension system that's been in place. Other measures are also being proposed to cut the operating cost of the Chicago Sun-Times paper and the suburban papers in its fold.
Should the unions reject the proposed contract, it would likely scuttle the purchase of the paper by new owners.
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