Financial Times journalists have secured an above-inflation 2023 pay raise for the lowest-paid in the newsroom, reports Bron Maher of Press Gazette.
Maher reports, “Those earning £42,000 or below a year will receive a consolidated pay rise of £4,200. Those earning more than £42,000 but less than £50,001 will receive a 10% salary increase.
“The agreement comes as news publishers in the UK and US face strikes and walk-outs as employees contend with the highest inflation in decades.
“The FT’s is the largest cumulative pay rise recently reported by Press Gazette.
“The deal was approved in a vote by National Union of Journalists members at the paper. FT chapel secretary Steve Bird said: ‘Throughout the negotiations, the NUJ argued strongly that no member of staff should suffer a real-terms pay cut.'”
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