Categories: OLD Media Moves

FT reporters vote to walk out again next week

Marietta Cauchi of Dow Jones Newswires writes that business journalists at the Financial Times have voted to stage another walkout next week in their pay dispute with management.

Cauchi writes, “At Tuesday’s meeting, the 250 FT journalists who are NUJ members voted to walk out again Thursday, March 22, for a three-hour mandatory meeting unless management would submit to binding arbitration by Advisory, Conciliation and Arbitration Service, or ACAS, a government body that aims to settle employment disputes.

“The NUJ said that it was particularly unfair when the FT’s figures were the best they had ever been.

“‘With FT’s latest figures showing a 27% profit increase at the group and the highest circulation in the paper’s history, there is no justification for this unfair pay award,’ said Barry Fitzpatrick, NUJ deputy general secretary.

The FT said the action was ‘unwarranted and unreasonable.’

“‘The proposed salary increase of 3.5% — with 2%-2.5% for all editorial staff and 1% for merit, plus a bonus, is a good offer that compares favorably with the rest of the industry,’ it said in an emailed statement.”

Read more here.

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.

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…

42 mins 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 hour ago

Jittery CNBC staff reassured by new boss

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

1 hour 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…

2 hours ago

Rest of World hires Lo as China reporter

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

2 hours ago

Bloomberg rises to No. 7 biz news website

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

2 hours ago