EXCLUSIVE: Gearing up for a potential strike on Monday, more than 300 Vox Media employees have signed an angry letter to their boss, CEO Jim Bankoff. They were pandemic-shaming him for asking for c…
“We’re absolutely ready to strike on Monday,” said a guild source. “We don’t want to, but we’re absolutely ready to.” The guild’s ruling body, the Council, unanimously authorized a strike on Tuesday, and the bargaining unit is scheduled to take a strike authorization vote as soon as Friday.
The letter, sent today, takes Bankoff to task for offering a worse cost-of-living increase than they got in their last contract, even though inflation is far higher now, and despite Bankoff’s having once pledged that he would “strive” to return to a 4% 401 company match “when we are confidently able to do so.” The letter notes that since then, Vox has been able to make two major acquisitions, buying upreached out to Vox but has yet to receive a response.
Management refuses to acknowledge the sacrifice its workers made when giving up contractually obligated raises in 2020 to help the company survive the pandemic, rejecting a retroactive raise or bonus. Vox management’s continued insistence on a ‘merit pool’ has been extremely upsetting and inappropriate in a collective bargaining agreement. A merit pool would only exacerbate existing inequalities – which is why the bargaining committee wholeheartedly rejected it in the first contract.
Our members are especially concerned by the company’s stances on these issues given Vox Media’s acquisition of New York Media and Group Nine Media, the combined company of which was expected to generate more than $700 million in revenue and $100 million in pretax profit this year. With that expected revenue, the terms we demand will not make or break the company’s profitability.
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