April 16, 2004 

New York Guild Launches Web Site to Reach

 Bloomberg Employees 

            Tired of being without a voice in their workplace, a group of Bloomberg News employees and the Newspaper Guild of New York recently launched a Web site to help U.S. employees at the news and information company form a union. 

            In OurBloomberg.com, Bloomberg employees cite their concerns about the deterioration of their company – cuts in pay, benefits and profit-sharing, long hours, mysterious dismissals and disrespect by their managers – since the departure of founder Michael Bloomberg, who became mayor of New York in 2002. They also explain how their colleagues can gain a voice in their future by choosing the Guild as their union. 

            “These are dedicated employees who care deeply about their company and the quality of its services,” said New York Guild President Barry Lipton. “They simply want to ensure that they are treated with dignity and compensated as the professionals they are. That’s where we come in. This is our business.” 

            The New York Guild, Local 31003 of the Communications Workers of America, represents 3,800 employees at 21 media companies, including The New York Times, Time Inc., Standard & Poor’s and a U.S. division of London-based Reuters Group, a key Bloomberg competitor. 

            OurBloomberg.com is a cyberspace outgrowth of a leafleting blitz Guild members conducted more than a year ago outside Bloomberg offices in New York and New Jersey. One of its key features is a link that enables Bloomberg employees across the country to download a Guild membership application form, which they can then mail in. It also lets Bloomberg employees compare their salaries and workweeks that typically exceed 50 hours with those of Guild-represented employees, who mostly work 35 hours a week. 

            Bloomberg News is part of closely held Bloomberg LP, which sells real-time information and market data to banks, brokerages, fund managers and the media worldwide. Michael Bloomberg launched the company in 1981 and still owns the majority stake in it. 

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04/16/04