MINNEAPOLIS (AP) âÄî Pressmen for the Star Tribune have ratified a concessionary contract that includes layoffs and pay cuts in an effort to keep the newspaper afloat. The contract, approved Tuesday night by a vote of 72-5, will save the company about $3.5 million a year. Terms include wage reductions, 24 layoffs and reduced manning requirements on the newspaper’s presses. The contract for the 116 pressmen is the second approved this week. The Teamsters local for the newspaper’s mailers approved a new contract Sunday. The company now will seek deals with its delivery truck drivers and newsroom employees. The company seeks to reduce labor costs by $20 million a year from among its 800 union employees. The Star Tribune filed for Chapter 11 bankruptcy protection Jan. 15. ___ Information from: Star Tribune, http://www.startribune.com