WSJ Strikes Wage-Freeze Deal With Union

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Today, executives at Dow Jones reached a contract agreement with the International Association of Publishers Employees, the union that represents staffers at The Wall Street Journal. The agreement resulted in lower health-insurance premiums for the workers, and an improved 401(k). Overtime rules are also changing, and will now count hours worked from home. The centerpiece of the deal, though, was a seventeen-month wage freeze, matching the one imposed on non-union workers last year. "Without it," bargainers told their union members in a memo today, "there would be no contract."

Wall Street Journal's Union Contract Mandates Wage Freeze [FishbowlNY/Mediabistro]