Members of the National Union of Journalists threatened to ballot on industrial action two weeks ago claiming the staff, two of whom are British citizens, were under threat of redundancy if they did not move to China, where their salaries would be halved.
The union today praised the “good sense” of management at the newspaper for reconsidering an “unacceptable decision”.
David Crouch, union’s father of chapel at the FT, said: “We are pleased that our employer has realised just how unfair and unacceptable were its proposals for our Chinese colleagues.
“We look forward to talking with management about securing the future of our Chinese journalists at the Financial Times on proper terms and conditions.”
The FT declined to comment this morning however earlier this month a spokesman for the paper told Press Gazette the China move was a proposal which “wouldn’t move forward until the individuals concerned were comfortable with that proposal.”