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STAFF at the Financial Times have voted for industrial action in defence of their pensions.
The paper is being taken over by its Japanese equivalent Nikkei, which has proposed to reduce benefits from the company’s pension scheme.
The National Union of Journalists (NUJ) and general union Unite dubbed the plans yesterday as a “£4 million pensions robbery” — the amount Nikkei will save annually.
NUJ branch leader Steve Bird told a meeting of about 300 staff that managers had reneged on promises to provide “fair and equivalent” terms and conditions for all staff under Nikkei ownership.
Two weeks after Nikkei’s takeover was announced, the word “equivalent” was removed from a company online information sheet.
NUJ general secretary Michelle Stanistreet, who attended the meeting at the Financial Times along with an NUJ lawyer, said: “This shabby treatment of staff is far from the behaviour we’d expect from a FTSE 100 company.”
