Financial Times NUJ News

NUJ sounds warning to new Financial Times owner Nikkei


By Stephen Lepitak | -

July 24, 2015 | 2 min read

The National Union of Journalists (NUJ) has warned the new owner of the Financial Times, following the surprise buy out that was completed yesterday (13 July).

In a statement, the NUJ’s national organiser Laura Davidson highlighted the conditions that FT staff worked under during the announcement of the £844m buyout of the title by Nikkei.

"A normal day at work turned into a Thursday shock for FT staff, with speculation and rumour turning into chaos and confusion as another publisher was named as the owner in the afternoon before the announcement was made,” stated Davidson. “Now, NUJ members will need rapid assurance and guarantees on working arrangements, terms and conditions and editorial safeguards. If Nikkei wants to maintain the newspaper's international reputation, it must invest in the journalism and the staff.”

She added that members were also looking to be given clarfication on their pension contributions.

“The company’s greatest asset is its staff – and NUJ members at the FT want the best possible future for the quality content they produce,” she concluded.

The FT earlier today revealed some background to the deal, which saw Nikkei pip Axel Springer to acquire the business title.

Financial Times NUJ News

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