Sales and revenue were above expectations, the media company reported in its first-quarter earnings report in May, with total company revenue rising 6% from a year earlier to US$1.67 billion. We have comprehensive contingency plans that will minimize this brief disruption." In a statement, Reuters said: "We are confident that we will provide the highest level of service to all of our customers. One-day strikes often have a more negative impact on a company's reputation than its actual business operations, but relying on foreign journalists or editors to cover the day's events would disrupt Reuters news gathering, according to the Guild. Reuters employees planned Thursday's walkout to coincide with the release of the company's second-quarter earnings results in an effort to garner greater management and customer attention. Over the past year, it has also attacked publications such as Buzzfeed, The Miami Herald, and Black Friday, the Wirecutter product review website of The New York Times. Recent unionization polls were won by The Newsguild in publications such as The Los Angeles Times. The Reuters strike coincided with a surge in media activity and events. The company said that "these discussions are ongoing, and we will continue to work with the Guild Committee to reach an agreement on mutually agreed terms."Īccording to its website, Reuters has 200 cities, serving a total of 2,500 journalists. Reuters said in an email that it is "fully committed to constructive dialogue with Newsguild" to come to an agreement. Everyone just stepped forward, and we believed - erroneously, as it turns out - that we would get something in return. "In 2020 we were all told to step up," said energy reporter Tim McLaughlin, a member of the union's bargaining committee. They join a growing number of media professionals who have recently protested what they see as unfair treatment by their employers.
Guild members have also complained to the US National Labor Relations Board because they believe Reuters managers are not cooperating properly with them. About 300 employees representing it at Reuters, or 90%, reportedly agreed to participate.Īccording to the union, the news organization proposed a three-year contract with a guaranteed annual wage increase of 1%, which would reduce employee purchasing power against an environment of 9% inflation.
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