UK editorial staff meet over pay offer
Wednesday 3 December 2008
Editorial staff at Thomson Reuters in London will hold a union meeting on Wednesday over management's annual pay offer ahead of a year-end deadline for talks.
The Guardian reported that despite beating forecasts in its latest results - Q3 revenues were eight per cent higher - the company initially threatened to freeze the basic salaries of its 5,000 UK staff next year because of the economic downturn.
Staff would be eligible for a 2.5 per cent increase based on performance.
“However, yesterday management was understood to have offered an improved deal of an across the board pay of 1%, with staff eligible for a further 1.5% in performance-related pay,” the newspaper said.
The National Union of Journalists is holding out for a better offer. ■
- The Guardian