Friday, 23 January 2009

'FT makes £35,000 profit per employee'

The Financial Times makes £35,000 profit per employee the acting FoC of the paper's NUJ chapel David Crouch, told a rally held in the paper's canteen against proposals to cut 80 jobs - 20 of them journalists.
Crouch said the figure came from the FT's own accounts. According to the NUJ more than 150 members of the 220-strong chapel attended the the rally which was also addressed by veteran Labour politician Tony Benn. He told the gathering of business journalists: "Banking is far too important to be left to gamblers".

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