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BtoB

Dow Jones employees reject contract proposal

Published on .

New York--Members of the Independent Association of Publishers’ Employees voted Friday to reject a proposal for a three-year contract with Dow Jones & Co., which publishes The Wall Street Journal and Barron’s.

The IAPE said the contract would have slashed health benefits and provided wage increases that did not keep pace with inflation. Of the 1,017 valid ballots cast, 83.6% rejected the proposal.

“This vote should make it clear to Dow Jones management that we are serious about getting a contract that properly rewards us for the work we do, and gives us the health-care coverage we deserve,” Tom Lauricella, IAPE's newsroom director, said in a statement.

In November, Dow Jones announced a tentative contract settlement with the IAPE. At the time, Dow Jones also announced that it was paying $1,000 bonuses to non-IAPE employees. It said the bonuses would also be available to IAPE employees upon ratification of the contract.

-- Sean Callahan

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