Magazine article Editor & Publisher

Reuters Discounts Guild Claims

Magazine article Editor & Publisher

Reuters Discounts Guild Claims

Article excerpt

Reuters says it stands by plans to move its New York financial television division to London, despite opposition from the Newspaper Guild of New York.

Reuters America Inc., the U.S. operating subsidiary of London-based Reuters Group Plc., says it will close its New York television studio, eliminating 18 positions, as it centralizes production in London. The move will leave seven staffers in the New York bureau, and some of the 18 staffers, who are Guild members, may be incorporated into other offices, minimizing job losses.

The Guild is asking an independent arbitrator to rule on its claims that the move violates its labor agreement with Reuters. The process could take more than a year.

"We think we have complete rights to do this under our Guild," says David Schlesinger, managing editor for Reuters America and a negotiator, pointing out that Reuters plans to add jobs in other areas.

Reuters will get up to $12.5 million in tax breaks for retaining its 1,800 New York-based jobs at its planned $360 million headquarters now under construction in New York's Times Square and could get up to $13. …

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