Fast Company staffers ratify first contract
Fast Company magazine staffers have voted to ratify their first union contract.
The contract calls for salary minimums for every position. The minimum salary is now $50,000. Some union members will be getting raises of as much as 26 percent.
The magazine will also now match 401(k) contributions, and the contract also provides for regular, across-the-board salary increases or bonuses.
“We want to thank management for recognizing our unit quickly and negotiating in good faith,” the union said in a statement. “This process has made our whole company stronger.”
The contract also provides for up to four weeks vacation and the ability to roll over vacation days from year to year. Staffers will also receive up to 45 sick days.
The magazine agreed to recognize the union representing workers last July.
The workers voted in June 2018 to unionize with the Writers Guild of America East. A “clear majority” of Fast Company‘s 40 editorial, social and photo staffers signed union cards to make the Writers Guild their collective-bargaining representative, the union announced at that time.