Date

Fri - 22.09.2017


nuj

The UK’s National Union of Journalists is facing a “severe financial crisis,” according to a memo, written last month by the union’s general secretary Michelle Stanistreet.

In the memo, Stanistreet outlined the cuts that would be necessary in order to get the union back on track financially, including a £400,000 reduction in payroll costs and nine staff being made redundant. However, Press Gazette reports today that the union is now facing a “grassroots revolt” from members who don’t want to see the cuts go through.

According to the Stanistreet’s memo, the NUJ is suffering from a drop in subscription income, a crisis with its pension scheme, pressure on its members from the problems facing the journalism industry, and a reduction in assets and reserve cash as a result of “successive deficits.” “This combination of factors mean we have to take action,” writes Stanistreet, “sitting back and doing nothing is not an option.”

Author

Hannah Vinter

Date

2012-06-06 18:04

Syndicate content

© 2015 WAN-IFRA - World Association of Newspapers and News Publishers

Footer Navigation