The union that represents business journalists at Dow Jones & Co. properties such as The Wall Street Journal, Barron’s and Marketwatch is recommending that its members ratify the latest contract offer.
In an e-mail message, the union stated, “The IAPE Board of Directors has voted to send the Dow Jones contract offer , as amended September 14, 2007, reflecting a change in the formula for the Cost of Living Adjustment (COLA), to the membership with a recommendation that the package be ratified.
“Obviously, this contract is not everything that we wanted– and the Board believes it is short of the Quality Contract that you deserve as the people who, day in and day out, create one of the most trusted and respected products in the world. But the Board also believes– at this time, under these conditions– this is the best package available.
“The fact that this contract is better than any other contract recently negotiated in the newspaper industry is a testament to the incredible hard work of the IAPE bargaining team and the resolve of countless IAPE members across the country.”
