Ginger Adams Otis of the New York Daily News writes Wednesday about the contract negotiations between Reuters and its union-represented journalists.
Otis writes, “Instead of the fixed cost-of-living raises — usually between 3.5 and 4% annually, according to veteran reporter Steve Gorman — the company wants a system that gives managers discretion as to who gets a raise and how much it should be.
“Thomson Reuters declined to comment when contacted by the Daily News.
“But in internal documents obtained by The News, the company defended its ‘merit based’ pay system. In a June 13 email, the company said ‘the merit-based raise system enables us to reward people for exceptional performance. … It has worked well for six years, delivering millions of dollars in inflation-beating annual pay increases to most Guild employees.’
“The email also said the company had given the union an explanation of how its discretionary increases were determined and a history of how raises had been handed out in the past three years.”
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