The rumored tabloid headline ``BANG, WE'RE DEAD' was shelved for ``AIN'T OVER YET!' as the nation's longest-running daily newspaper dodged a bullet with help from its unions.
Post owner Peter Kalikow said the 505,000-circulation paper known for its racy headlines would have to close Saturday without union concessions because it has been losing $27 million a year.Ten of the New York Post's 11 unions agreed late Friday to a $19 million concession package that would eliminate jobs and shorten work weeks.
The holdout was the Newspaper Guild, which represents 352 white-collar employees, mainly reporters and advertising staff. Its negotiating committee voted 7-3 to reject the concession deal.
``They were saying, 'Shut it down,' ' said Thomas Pennacchio, secretary-treasurer of Guild Local 3.
Kalikow said the paper would publish until the Guild's members voted on the concessions. A vote on whether to accept elimination of 43 jobs and four work days a week was scheduled for Monday.