FT journalists accept new pension offer

Financial Times journalists have voted to accept a new pension offer, reports Mark Sweney of The Guardian.

Sweney writes, “The FT staff agreement over pensions ends an acrimonious seven month battle between staff and management, which has been running since Japanese group Nikkei’s £844m takeover of FT Group from Pearson last year.

“‘The FT chapel notes the decision by NUJ members to accept the latest offer on pensions put forward at Acas last week,’ the FT chapel said in a motion on Monday. ‘Over the past seven months, the FT chapel has shown that it is prepared to fight to defend terms, conditions and benefits for journalists against all management cuts and will continue to do so in future.’

“If the strike had gone ahead it is thought it would have been the first such action since a pay dispute in 1982. In that instance the action involved journalists walking out to a meeting at St Bride’s on Fleet Street, which resulted in the newspaper not being published.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.