25.4 C
New York
Sunday, August 14, 2022

Latest Posts

Reuters workers in the US go on strike for the first time in 30 years

- Advertisement -

With information from EFE

- Advertisement -

Employees of the international news agency Reuters in the United States went on strike for the first time in more than 30 years on Thursday to demand wage increases from the company to compensate for the strong inflation in the country.

Almost 300 workers including journalists, photographers, videographers, editors, producers and technicians supported this 24-hour strike, according to The News Guild union.

Employees dressed in red T-shirts protested outside the agency’s headquarters in New York, Washington and other US cities.

- Advertisement -

According to the union, the day of strike responds to the lack of progress in the negotiations to renew the company’s agreement and after the management has offered the staff a salary update of 1% per year.

The workers argue that, given the galloping inflation that is taking place in the United States (more than 9% last June), this means in practice a cut in salary, which also comes after many professionals have worked on the front line during the worst moments of the pandemic.

Likewise, they accuse the company of stopping the negotiations for the renewal of the agreement and, with it, keeping their salaries frozen at a time when the company is registering great profits and improving its business margins.

Reuters: money, there is

The protest coincided with the publication this Thursday of the quarterly accounts of Thomson Reuters, the parent company of the news agency, which between April and June billed US$1.61 billion and saw its operating profit increase by 24%, to US$391 million.

In a video distributed through social networks, members of the union recalled that the company is valued at some US$50 billion and that it is spending some US$4 billion on share buybacks and distribution of dividends among shareholders.

The company has said that negotiations with the union continue to seek an agreement and this Thursday, in a statement on the occasion of the presentation of results, the president and CEO, Steve Hasker, indicated that Thomson

Reuters wants to invest in their businesses to translate their current good times into “long-term sustainable value creation.”

Source: Larepublica

- Advertisement -

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.