Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


'Financial Times' takes steps to hold down costs

Published on .

London—Pearson's Financial Times is planning to reduce staff, according to an internal memo released Tuesday. The memo, written by Financial Times CEO John Ridding, said the publication needs "to prepare for difficult times," so it was taking several steps, including 2009 salary freezes for employees making more than $50,000; offering "voluntary redundancy"; and offering voluntary reduction in work weeks, with a corresponding reduction in pay.

—Sean Callahan

Most Popular
In this article: