Categories: OLD Media Moves

Dow Jones management budges slightly on wage proposal

Dow Jones management, which is currently negotiating with the union that represents business journalists at its Wall Street Journal, Barron’s and MarketWatch publications, nudged a bit on Tuesday in terms of what it offered for future salary increases.

According to an update on the union’s web site, “We are seeing some additional signs of movement by the company’s negotiators, which is good. But they still are far from agreeing to the kind of contract we need.

“The company’s team made new proposals on wages, for example. Their original proposal was 2% a year. Their new proposal? Still 2% for the first year and the third year. But now they are prepared to go to 2.5% in the middle year of a three-year deal.

“On health premiums, the movement is similar. They have finally provided us with a schedule of the actual premiums they want to make you pay. They are no longer talking about a four-fold increase in our premiums in 2008. Now they want to triple them, or in some cases more than double them—depending on how much you make and what plan you use.

“On outsourcing, a subject they formerly wouldn’t discuss, they are offering to consult with the union before laying people off, and to give outsourced employees improved severance packages. But they refuse to put any restrictions on their ability to outsource at will.”

Read more here.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

1 day ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

1 day ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

1 day ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

1 day ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

1 day ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

1 day ago