Journalists hit with longer pay freeze
Monday 14 January 2013
Printable
EmailNewspaper publisher Johnston Press today froze workers' pay for another six months as it tied the bow on an executive's multimillion-pound pension.
Jobs cutter-in-chief Danny Cammiade is set to leave the firm in March with a £3.6m retirement stash while inflation eats away at workers' wages.
NUJ group chapel chairman Peter Johnson said: "Staff across the country are fed up with people getting these rewards for basically failing.
"Johnston Press continues to drive a coach and horses through any form of agreement.
"We entered local negotiations last year and the next day they announced a national pay freeze."
Before the recession, Johnston handed out £400m in bonuses and dividends to directors and shareholders while borrowing around £400m to expand its empire.
But afterwards bosses turned on staff with widespread redundancies and pay freezes.
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