FT pay talks break down at ACAS
13 March 2012
Talks between NUJ reps and Financial Times (FT) management have failed to reach a resolution to the current dispute on pay. Both sides spent hours in meetings at the Advisory, Conciliation and Arbitration Service (ACAS) on Monday 12 March.
Industrial action will go ahead on Tuesday 13 March at 3pm. NUJ members are bitterly disappointed that, despite numerous suggestions from the union on how to distribute the budgeted money more fairly, FT management have rejected the union's proposals and have failed to come up with a single suggestion of their own.
As a result, industrial action is likely to involve 250 NUJ members at the FT. Further action will also be considered.
Barry Fitzpatrick, NUJ deputy general secretary said:
"FT management have failed to engage in meaningful talks or accept the union's constructive suggestions to resolve the dispute. The union is fully behind our members at the FT taking action on pay and management should seriously consider our alternative proposals that would go some way to address the current unfair offer."
Steve Bird, FoC at the FT Group chapel said:
"The cost of settling this dispute is well within the FT's reach. It is extraordinary that management is prepared to bully the majority of its staff into accepting a deal they have rejected over and over as divisive and derisory. This refusal to negotiate is pushing journalists towards a strike."