Financial Times managers suffer vote of no confidence Yesterday's strike action represented a two-hour meeting held in the FT's offices. It is understood journalists working overseas also patched in via telephones and videolinks. Those present voted to hold a second round of industrial action next week, pending the outcome of further negotiations. The strike will be in the form of a three-hour mandatory meeting on Thursday. The NUJ issued a statement in which it said it had passed two motions. The first, passed unanimously, expressed "no confidence in the senior management of the Financial Times over its failure to ensure transparency in its dealings and for the contempt shown to staff throughout the pay negotiations." The second, passed with all but one vote, read: "The chapel expresses its deep disappointment at the failure of management to uphold the principles of the Financial Times and its long history of high-quality journalism." Speaking before the meeting had completed a spokesman for the FT said: "We view this and any future action as unwarranted and unreasonable. The proposed salary increase of 3.5pc - with 2pc-2.5pc for all editorial staff and 1pc for merit - plus a bonus, is a good offer. The spokesman continued: "The FT has continued to invest in its editorial operations and has avoided any compulsory redundancies at a time when news organisations around the world are facing exceptional challenges."