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The Bottom Line

New York Newspaper Guild members are responsible for creating the quality Reuters news content and products that Wall Street relies on.

But Reuters management has walked away from its employees and from quality journalism. CEO Tom Glocer is trying to force Guild-represented news professionals to accept compensation and benefit cuts ranging up to 10 percent or even higher in some cases.

Sadly, the bad news doesn't end there.

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What People Are Saying
Stop Thomson Reuters from Flushing NYC Taxpayer Money         Stop Thomson Reuters from Flushing NYC Taxpayer Money

Sign the City Council Petition!

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STOP THE TAX GIVEAWAY

Send a FAX to Mayor Bloomberg

Or call (212) 788-3000
and tell him no more corporate handouts for Thomson Reuters!

“The purpose of these tax subsidies is to encourage good employers to stay in New York and provide good jobs for the people who live here,” said Newspaper Guild of New York President Bill O’Meara. “By cutting the compensation of our members and shipping good jobs out of the city, the company has been anything but a good employer deserving of scarce public resources at this difficult economic time.”

 

  

Thomson Reuters Corp. has asked New York City’s Independent Development Agency to divert an unspecified, unused portion of $26 million in tax benefits it received in 1998 to seven leased Manhattan locations. The tax benefits were given to the company for building its U.S. headquarters at 3 Times Square and were intended to spur job creation. Here, in no particular order, are the top 10 reasons the company’s latest request should be denied.
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