Dow Jones business journalists approve new contract
Here is the text of the e-mail sent to members:
The IAPE Election Committee has been informed by TrueBallot Inc. that a majority of eligible voters have voted to accept the Dow Jones contract offer. The Committee declares the Dow Jones contract ratified.
Of 1,402 eligible voters, 921 cast ballots for a return rate of 65.69%.
831 — or 90.23% — voted “Yes, I accept the contract offer.”
90 — 9.77% — voted “No, I reject the contract offer.”
The new contract gives the journalists a 3 percent raise each year, including one retroactive to Feb. 1 of this year. If they had not approved the contract by Oct. 15, the raise would have been 2.75 percent for this year, 3 percent for the year beginning Feb. 1, 2008,Â and 2.75 for the year beginning Feb. 1, 2009.