Forbes editorial staff, represented by the Forbes Union, staged a walkout on Tuesday, coinciding with the highly anticipated release of the outlet’s iconic “30 Under 30” lists. The move is part of negotiations between the union and management over salary increases and contract terms.
The union, representing approximately 100 writers and editorial staff members, is demanding significant improvements to pay and benefits. Their contract proposal includes a $75,000 wage floor, 8% annual raises, a 15% minimum promotion increase, and bonus pay for overtime and weekend work. In response, Forbes management has countered with a proposal offering $60,000 as a minimum salary, a modest 1% annual raise, and a 5% minimum increase for promotions.
Impact on Operations
The timing of the walkout is particularly impactful for Forbes, as the “30 Under 30” lists are one of the publication’s signature events. These lists highlight 30 young leaders under 30 across multiple industries and are a significant part of the brand’s identity and influence. The walkout is expected to disrupt the release, drawing attention to the ongoing labour dispute.
A staffer who participated in the walkout shared their frustrations on social media, claiming that Forbes management has been “dragging its feet and breaking labour law.” They added, “A contract is inevitable, Forbes. But the work disruptions, embarrassment, and bad press will continue until bargaining improves.”
Union’s Grievances
Union members expressed disappointment over Forbes management’s approach to negotiations. According to Andrea Murphy, the union chair and statistics editor, the proposed $60,000 minimum salary is insufficient given the level of work expected from employees. “That is just not a fair salary for the amount of work people do,” Murphy said.
The NewsGuild of New York, supporting the union’s efforts, confirmed that the labour dispute has been ongoing for nearly three years. The union claims Forbes management has stalled negotiations, resorting to “union-busting tactics” and a lack of respect for workers’ rights.
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Forbes Response
In response to the walkout, Forbes expressed disappointment over the union’s decision to protest, especially with a bargaining session scheduled for the following day. “We are working diligently with the NewsGuild of NY to reach a collective bargaining agreement and have reached tentative agreements on several proposals,” the company said. “While we respect their right to stage a walkout, we are disappointed by the union’s decision.”
Forbes added that despite the disruption, it continues to publish content and serve its audiences, underscoring its commitment to operations during the labour dispute.
The Road Ahead
The walkout and the ongoing labour dispute reflect broader tensions between media companies and their employees as staff members push for better wages and working conditions. As Forbes faces pressure to meet its staff’s demands, the situation remains unresolved, and both sides will continue negotiations in the coming weeks. For now, the walkout on such a crucial day for the company has fueled the fire of a growing labour movement in the media industry.
