About 120 newsroom, advertising and circulation employees at the San Francisco Chronicle are expected to lose their jobs as the result of a five-year contract approved by the 900-member Northern California Media Workers Guild. The vote was 574-119 in favor of the deal, which was reached tentatively on July 24 and takes effect immediately (July 28). There were five abstentions. Guild President Michael Cabanatuan said, “I’m glad that it passed, but mostly I feel sad.” The paper’s management has said cuts are necessary to keep the financially struggling newspaper afloat. An auditor with the Communications Workers of America who reviewed financial records told the Guild that the paper lost at least $62 million in 2004.