As parent Pearson (NYSE: PSO) and Financial Times tries to continue saving costs after some buyouts, layoffs and salary freezes, the pink paper has now done one better than France on the work week: it is offering employees the option of working a three-day week in the summer, among others, reports DJN. "The first is extended annual leave receiving 30 percent of pay, the other is to work a three or four day week between June and August and the third is the option to buy up to seven days annual leave," a spokesperson said. This offer is for FT staff across all worldwide offices, the company said.
The FT staff has been seeing its share of the bleed over the last six months or so, and last month protested a pay freeze and a new round of redundancies that were coming through print/online integration. The lure, outside of not having enough money to spend in the downtime? "Do you fancy spending more time with your family over the summer months? Have you been meaning to book that trip of a lifetime? Would you like to improve you work-life balance in 2009? If the answer is yes to any of the above questions, the FT may be able to assist," the document sent out by FT said. Oh wellnevermind the money.
By Rafat Ali