Reuters Reaches Deal With Union, Avoids NLRB Fight

Law360, New York (April 29, 2011, 6:58 PM EDT) -- The New York Newspaper Guild announced a tentative deal with Thomson Reuters Corp. on Friday, ending a dispute over wages and the company's social media policy hours before the National Labor Relations Board was set to issue a complaint against the media giant.

The preliminary agreement is for a three-year contract that provides union members with a $7.6 million settlement for lost pay, a 1.5 percent annual wage increase, a cap on health care expenses and a new social media policy, the union said.

Reuters and...
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