Monday, 28 November 2011

Financial Times' NUJ members reject pay offer

The NUJ chapel at the Financial Times has voted to ballot for industrial action after rejecting a pay offer of 2 per cent.

The chapel is also opposing what it claims is a threat to collective pay negotiation - management’s proposal to keep back nearly half of a potential award of 3.5 per cent to hand out to select individuals.

Steve Bird, the NUJ FoC, said: "A low pay offer is bad enough, but plundering the pay fund to retain staff or reward select individuals has added insult to injury. The majority should not be forced to subsidise opaque bonus payments with yet another real terms pay cut. Industrial action is not something to be taken lightly, but the chapel is united over this."

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