Strike at Financial Times called off

London (AFP) –


A strike at Britain's Japanese-owned Financial Times business newspaper was called off Wednesday, on the eve before it was set to go ahead due to a dispute over pensions.

It would have been the first such strike in 30 years at the newspaper, but was cancelled after discussions between advisory service Acas, the National Union of Journalists (NUJ) and management.

"During talks over the past two days at Acas in London with representatives of the NUJ and the FT, we have worked together to achieve a revised pensions offer," said a statement from the NUJ, the main journalists' trade union.

"As a consequence of the revised offer Thursday's strike has been called off."

NUJ members will vote on the proposal, which includes better terms for the longest-serving FT employees among other improvements, with a decision expected by February 15, the NUJ said.

The strike was called after journalists said management was refusing to honour pension agreements, after the newspaper was sold to Japanese media giant Nikkei.

Nikkei purchased the FT from British publishing company Pearson for $1.3 billion last July.