The Forbes editorial team is out of a job

The Forbes Union, which represents the magazine’s editorial staff, walked off the job Tuesday in a pivotal day for the company, it reports Kendall Tietz from Fox News.

Tietz reports, “The union issued a warning to management and planned its departure on the same day as the release of Forbes’ well-known ’30 Under 30′ list, which includes 20 lists of 30 influential people under the age of 30 who are recognized for their performance in various industries.

“Members of the union, who are fighting for fair wages and reductions in force and layoff protection, told Fox News Digital that the management has been at a standstill at the negotiating table for almost three years.

“‘CEO Mike Federle said at a recent town hall that management is eager to get a contract, but that it appears to be a long way off. That’s because of his actions and management’s,’ said Andrea Murphy, unit chairman and statistics editor for Forbes. “We have been and will continue to be ready to get this contract done, including pay that recognizes the value we bring to Forbes.”

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