Members of the outlet’s union walked off the job on Friday after it couldn’t come to an agreement with management on a new collective bargaining agreement.
Hundreds of journalists at Insider, the digital news organization dedicated to business news, have gone on strike.
“Guild members working at Insider are demanding that the company rectify the harm caused by its unlawful decision to unilaterally change their health coverage,” said Susan DeCarava, president of the NewsGuild of New York, in a statement. “Many members now are paying hundreds more for essential medications and healthcare while Insider executives pocket the savings. I am proud to support Guild members who refuse to allow over-compensated executives to line their pockets at workers’ expense.
He argued the company can only afford to offer what it’s proposed at the bargaining table, which included a plan to keep health-care premium increases below 10 percent, a $63,000 salary floor, and tiered wage increases. Since the strike authorization vote, the unit had engaged in multiple bargaining sessions with management over its wage and healthcare proposals, including off-the-record meetings through Thursday night. Illustrating how close to the wire conversations were, just before 10:30 p.m. Thursday night, a unit member asked employees to send over payment documents to receive strike pay—even with just under two hours still left to negotiate.
Management has stood firm against some of the unit’s positions, with chief people officer Jessica Liebman claiming in a Wednesday afternoon email obtained and reviewed by The Daily Beast that the company offered “big concessions in key areas such as wages and healthcare, and the resulting terms are among the best in the industry.”
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