The Financial Times is cutting staffing costs by offering employees the chance to work fewer hours over the summer, including a three-day working week option.
The FT has launched the new scheme offering flexible working options as part of the plan to ride out the worst of the media downturn.
The flexible working options include a three- or four-day week between June and August, an option to buy an additional seven-days leave and to extend annual leave at 30 per cent pay with a minimum booking period of two weeks.
Aimee Watson, human resources manager in global human resources at the FT, believes that the flexible working measures are a great way to help the company reduce costs and retain talent, whilst giving employees the opportunity to take more time off.
She continues by stating that applications to work flexibly will only be considered when there’s a “clear business rationale”, and that taking advantage of the flexibility options “will have no negative consequences for people’s future employment.”
Earlier this month FT journalists voted to hold a ballot on strike action in a bid to hold off compulsory redundancies among the 80 positions being cut.
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As featured on guardian.co.uk.