WSJ Reporters Taking The Protest To The Streets

0910paris68.jpgGot a lunch break? Want to see something interesting? Wall Street Journal reporters and Dow Jones employees will be picketing outside the WSJ‘s offices in the World Financial Center from 11am until 1pm today. They’re protesting over a contract dispute with Dow Jones management.

In related news, the New York Times finally got around to doing a story on those anti-Murdoch signs that have been floating around the Journal‘s offices.

After the jump, the official protest memo courtesy of the Independent Association of Publishers’ Employees.


STRANGE DOINGS IN FINANCIAL DISTRICT

New York’s financial district will see an unusual sight today – normally staid Wall Street Journal reporters and other Dow Jones employees picketing and chanting slogans in front of their offices at 200 Liberty Street from 11:00 a.m. to 1:00 p.m.

As Rupert Murdoch prepares to take control of Dow Jones, the Journal’s parent, the reporters and others have been forced into the street by their long-running contract dispute with Dow Jones management. The increasingly angry dispute is a nasty problem that is hanging over the transfer of ownership to Mr. Murdoch.

Reporters have been working without a contract since the end of January. They are increasingly angry because, at a time when Dow Jones is offering multi-million dollar pay packages and “golden parachutes” to executives, not to mention the $32 million 2007 pay package recently announced for Rupert Murdoch himself, Dow Jones is trying to more than double health premiums and hold down salaries in a way that will cut the real, inflation-adjusted take-home pay of many Dow Jones employees. It would cost Dow Jones roughly $5 million – over four years – to make employees whole, but for some reason it views that sum as too high.