An overwhelming majority of Financial Times (FT) staff have accepted a deal on their pensions after seven months of tension which saw two threats of strike action.
Following a consultative ballot, 88% of members agreed to accept an offer where management promised to limited expected losses to the defined benefit (DB) scheme by 15% and improve the defined contribution (DC) arrangement.
A statement from the National Union of Journalists (NUJ) said talks at the Advisory, Conciliation and Arbitration Service (ACAS) went down to the wire last week.
The recent proposal was hammered out just seven hours before a planned 24-hour strike, voted for by almost 92% of NUJ members in November last year.
If the strike had gone ahead, it would have been the first full day's strike at the FT in 34 years.
Father of the chapel at the FT Steve Bird said: "Messages of support and solidarity from across the FT showed how determined and effective the proposed strike would have been. Without this stand, chapel reps would not have got this final deal. I am proud of the unity between DB and DC scheme members in defence of our rights and conditions. As a chapel, we stood up to corporate bullying and would do so again in the face of any attacks in future."
The following motion was passed by the FT chapel which added: "The FT chapel notes the decision by NUJ members to accept the latest offer on pensions put forward at ACAS last week. United and determined opposition by journalists and staff across the Financial Times group has won a fairer settlement for defined benefit, defined contribution and auto-enrolment pension scheme members."
NUJ national organiser Laura Davison congratulated "the chapel on all its hard work and in sticking together to win this improved deal for all NUJ members".
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