MarketWatch NYC Unionizes, Joins IAPE

MarketWatch staff working in New York announced yesterday they have formed a union and are joining their colleagues at locations across the country already represented by IAPE.

Through a mission statement delivered to Dow Jones CEO Almar Latour, Barron’s Editor in Chief David Cho, two-dozen other managers at MarketWatch and all MKTW News staff, New York-based employees stated their intention “to join our brethren employees at other branch offices of MarketWatch and Dow Jones as a collective unit under the IAPE Local 1096.”

IAPE TNG-CWA Local 1096 called on Dow Jones management to voluntarily recognize the representation demand from their MarketWatch employees.

“We are excited to welcome these new members to IAPE,” said Local 1096 President, Jodi Green. “We believe the proper union home for our colleagues is in the same bargaining unit as their fellow MarketWatchers working in other offices.”

Dow Jones & Company won a bidding war to purchase CBS MarketWatch in November of 2004, an acquisition that was finalized in January of the following year. MarketWatch staff in Boston, Chicago, Dallas, San Francisco and Washington have been represented by IAPE since 2006. MarketWatch employees are part of the same bargaining unit and covered by the same contract as staff at The Wall Street Journal, Barron’s, Dow Jones Newswires, Factiva and other company products.

Until yesterday, the New York newsroom was the largest remaining non-union MarketWatch operation.

The new union siblings said they were joining IAPE “because it is a way to ensure fair and equitable treatment for MarketWatch employees of all backgrounds and ages.”

“Being union members will give us a seat at the bargaining table and afford us an opportunity to negotiate a proper contract.”