Updated Jan 25, 2024 - Business

Scoop: Forbes union planning walkout

Illustration: Maura Losch/Axios

The union representing editorial workers at Forbes is planning to walk off the job for three days beginning Thursday at 9am ET and ending Monday at 11:59pm ET.

Why it matters: It would represent the first walkout at Forbes in its 106-year history.

Details: The Forbes editorial union is protesting what it believes are management's attempts to union-bust and slow-walk contract negotiations.

  • "We are taking this unprecedented step to show that we will not allow such disrespectful behavior towards our negotiations to continue," the union said in a statement Monday.

Context: The union, which was established with the NewsGuild of New York in 2021, has been pushing to get a contract signed with management for the past two years.

What they're saying: In a statement to Axios, Forbes said it's "working diligently with the guild to reach a collective bargaining agreement."

  • "We are disappointed by the Union's decision to stage a walk out, but respect their right to take this action," the statement said.

The big picture: Strikes and work stoppages have become a bigger part of union negotiation tactics in recent years, as newsrooms face seemingly never-ending layoffs and cost-cutting.

Editor's note: This story has been updated with a statement from the Forbes union.

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