Executive remuneration was a key catalyst for industrial action at both the New York Times and news publisher Reach via IrishTimesBiz
Irish staff of British news publisher Reach – owner of the Irish Daily Mirror, Irish Sunday Mirror and Irish Daily Star – were among some 1,150 employees who went on strike on the last day of August, calling for “fair pay now”.
Its strike action, like the now settled Reach one, revolves around the pursuit of better pay and conditions, as most strikes do. But “better” doesn’t necessarily signal better than what workers have at the moment, as sky-high inflation means wages have declined and will continue to decline in real terms. It just means better than management’s first proposal.
At Reach, where average pay is somewhat lower than it is at the “Gray Lady”, it wasn’t just chief executive Jim Mullen’s £4 million pay package that proved incendiary, it was the perception of “breathtaking” hypocrisy. Nevertheless, the unrest at the New York Times and Reach is not quite typical of the media industry in 2022, with employees at many unionised workplaces accepting below-inflation offers on the grounds that employers coping with both non-labour costs woes and structural decline are frankly never going to keep pace with this year’s surge in the cost of living.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fingleton faces ‘serious risk of unfair trial’ if Irish Nationwide case proceeds - court hearsLawyer outlines litany of health issues affecting former building society chief executive
Read more »
Medicine shortages; construction downturn; and a helping hand for developersBusiness Today: the best news, analysis and comment from The Irish Times business desk
Read more »
Contrasting emotions for Munster and Ulster; GAA does not blink in face of schedule clashThe Morning Sports Briefing: Keep ahead of the game with The Irish Times sports team
Read more »
Boy George admits he threatened to quit I'm A Celeb four times | Her.ieBoy George has opened up more about his experience in the jungle, claiming he threatened to quit I’m A Celebrity… Get Me Out Of Here! four times.
Read more »
Deirdre Heenan: Northern Ireland appears to be destined to suffer a hellish political Groundhog DayAs a fast-tracked bill extends the deadline for the formation of a new executive, the British secretary of state’s ham-fisted approach to the issue of an election doesn’t inspire confidence
Read more »