Arab Today, arab today associated press journalists balloted for industrial action
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Associated Press journalists balloted for industrial action

Arab Today, arab today

Arab Today, arab today Associated Press journalists balloted for industrial action

London - Arabstoday

The National Union of Journalists and Bectu are said to be holding a ballot over industrial action with journalists working at the Associated Press in the UK, in response to the planned closure of one of the agency's pension schemes. In a statement the AP said it has been "holding a series of employee consultation meetings as the next step in the proposal to freeze its defined benefits pension". "Under the proposed changes, the defined benefits program would be replaced with a defined contribution plan," the company added, affecting around 200 members of staff. "Like other news organisations and businesses in recent years, AP can no longer offer a defined benefits programme as it moves forward amid global economic challenges and continuing disruption in the media industry." A defined benefits programme offers a guaranteed amount upon retirement, usually based on factors such as salary and length of service, compared to a defined contribution plan which means the final amount will be based on set contributions made to an individual’s retirement account by the company and investment returns. In a statement the NUJ claimed the replacement defined contribution scheme is "inadequate" and say their members "will suffer significantly" as a result. "The company is not carrying out a meaningful consultation, allowing time to reach an agreement," NUJ officials Laura Davison and David Ayrton said in a statement. "Instead it is attempting to railroad through its proposals without listening to staff." The NUJ said it, along with Bectu, remains "committed to reaching a settlement to the dispute" and have offered to attend arbitration and conciliation service ACAS to resolve the issue. Bectu had not responded to a request for comment at the time of writing.

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