Dow Jones Staff Close To Contract Agreement

17 September 2007

NEW YORK: Dow Jones is reportedly close to signing new agreements with its Wall Street Journal and newswire services staff - who have been working without contractual protection since January.

The company recently presented a "final offer" comprising 3% salary increases for three years plus healthcare benefits, although further concessions are thought to have been made by both sides.

The Independent Association of Publishers' Employees, which represents some 2,000 Dow Jones staff, is now said to be ready to endorse a deal and put the matter to a final vote.

E S Browning, a WSJ reporter and head of the union's bargaining committee, said: "We're not quite there yet. We're waiting for a couple of pieces still to fall into place."

Some staff are said to favor reaching agreement before News Corporation's acquisition of Dow Jones is inked, but others have suggested that the new owner has in fact approved all decisions made on the matter.

Data sourced from New York Times; additional content by WARC staff