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President's Perspective (Jan. 29, 2010) Over lunch hour on a crisp, clear last Friday in January, Washington-Baltimore Newspaper Guild members
joined with their brothers and sisters from the New York Guild in an
informational picket line outside the H Street NW offices of Reuters. REUTERS WANTS TO SELL NEWS ON THE CHEAP Thomson Reuters wants its clients, who rely on top-quality news every second of the day to make crucial, million-dollar decisions, to get by with news put out on the cheap.Company managers are slashing the compensation of the employees who put in extra effort every day to provide top-quality news coverage. They’re telling most of the men and women whose work makes Reuters news the best in the world to live on at least 10 percent less than they’re getting now, including reduced heath care and retirement benefits. That cheap approach to its employees and its customers comes as Thomson Reuters continues to make money and after CEO Tom Glocer raked in $36 million in 2008. That’s no way to be competitive. That’s no way to instill customer confidence in Reuters’ news. That’s no way to preserve high-quality journalism The Newspaper Guild of New York and the more than 400 Thomson Reuters employees it represents want company managers to negotiate fairly and honestly, and to value those who produce what Reuters and its clients value – a quality product. [Me again.] During our hour outside Reuters, we engaged in lively chants such as: “Don’t take my 401(k), I wanna retire some day.” “Impasse? No class!” “Return to the table. We know that you’re able.” This is the solidarity we’re pleased to show when our union brothers and sisters need help. And, should we ever need it to defend the rights of our own local’s members, you can be sure that we’ll spread the call for solidarity far and wide. – Mark Pattison
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