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Pin to quick picksReach Plc Share News (RCH)

Share Price Information for Reach Plc (RCH)

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Share Price: 84.90
Bid: 84.50
Ask: 85.00
Change: 4.10 (5.07%)
Spread: 0.50 (0.592%)
Open: 80.80
High: 85.60
Low: 80.80
Prev. Close: 80.80
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Journalists' pay dispute resolved, says newspaper group Reach

Fri, 23rd Sep 2022 17:19

(Alliance News) - A pay dispute involving journalists at a leading media group has been resolved, the company said.

Reach PLC, which publishes newspapers including the Daily Mirror and Daily Express, said its latest offer had been accepted by members of the National Union of Journalists.

A Reach spokesperson said: "After much hard work and open communication on all sides, the NUJ have accepted Reach's latest proposal which, in addition to a proposed annual increase and a host of other important commitments, will increase pay for over 700 journalists.

"We are pleased that we have been able to work together to find a way forward and will continue to keep an open dialogue on these crucial issues in the months to come."

Reach journalists have previously taken industrial action over the pay row.

An NUJ spokesperson said: "Following a ballot of all NUJ members across Reach, the NUJ group chapel met today and acknowledged the outcome of the ballot result and the decision to accept the company's revised pay proposal, a process in which over 76% of members cast their vote.

"The group chapel paid tribute to the collective work and solidarity of members across the group to secure a settlement that delivers significant pay rises to over 700 journalists, many of whom are the lowest paid staff, and improved redundancy terms and conditions for many members in currently in receipt of statutory minimums. Including increases secured in July, it will see pay rise for these workers in deals ranging from 14 to 44% across the specified roles and minimum rates.

"The NUJ will now enter into an agreed process with the company to identify outstanding pay anomalies and agree uplifts across other parts of the editorial bargaining unit, including across the group's national titles, a process due to conclude by the end of this year."

Reach shares closed up 1.6% to 76.50 pence each in London on Friday.

By Alan Jones, PA Industrial Correspondent

source: PA

Copyright 2022 Alliance News Limited. All Rights Reserved.

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