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FT cuts 64 jobs as former editor Lionel Barber paid £1.9m

The voluntary redundancies are believed to include up to 20 in editorial. According to insiders 19 jobs are understood to be under threat at FT Chinese. The NUJ chapel said in a statement: “We condemn the FT’s moves to make staff redundant just before Christmas in what has been a year of massive uncertainty due to the pandemic; this contrasts starkly with the CEO’s reassurances this summer that no jobs would be lost during 2020. “We are especially concerned at the proposal to close comp...
Lionel Barber Sft Group Ft Ltd National Union Of Journalists Companies House National Union

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Lionel Barber £1.92m deal sees FT pay talks halted

December 21, 2020 November 4, 2020 In a statement, union officials asked for clear answers about pay for senior staff and said: “We ask for full transparency about all senior executive pay and performance targets, and demand that in future company accounts are shared with union reps well in advance of publication.” The FT Ltd published accounts do not reflect the full picture for FT Group, which is owned by Nikkei, as it does not include all of the title’s joint venture and overseas incom...
Sofiya Grad Lionel Barber Xoomworks Ltd Sft Group Ft Ltd Companies House

FT journalists stop pay talks over former editor's £1.9m pay

The statement noted that Barber’s deal had come to light “at the end of a year dominated by pay restraint and job cuts” and demanded that the company provide “full transparency about all senior executive pay and performance targets”. A spokesperson for the newspaper defended the salary portion of the package as “contractual, performance-related pay”. FT staff appeared to broadly back the union’s stance, with one employee telling the Guardian: “There ...
Lionel Barber Sft Group Ft Ltd Ft National Union Of Journalists Companies House Financial Times

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