Circular No. IR/253/09: RATES OF PAY AND CONDITIONS OF SERVICE 2009 – CBS OUTDOOR

On the recommendation of our negotiating team, the General Grades Committee has accepted a reduction in the working week of one hour in return for a freeze on all current pay rates.

Whilst far from perfect, negotiators took the view that this was the best position possible given the general malaise in the advertising industry. Indeed the company, which is having to be bankrolled by its parent company in the USA, were originally demanding a pay freeze with no cut in hours.

When an indicative vote was taken at a mass meeting of members, the vote was 60 to 5 for acceptance. I have advised CBS Outdoor accordingly.