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Reuters has embraced globalism. Would you like your news baked in India, Singapore, England or Canada? The Newspaper Guild-Communications Workers of America are already having indigestion.
Newsday, Inc. reported on 5-17-05 that Reuters is outsourcing many American jobs to Singapore. and elsewhere. Newsday reports that "hundreds of information-technology jobs have been moved overseas, to Thailand and India, including at least 40 from Reuters' offices in Hauppauge and Lake Success, where as recently as a year ago at least 450 people worked."
{sidebar id=1}So, news on American-based corporations is going to be acculumated by Reuters' newly-hired analysts in India, the average age of whom is reported to be 25 years old!
The head of the Newspaper Guild-Communications Workers of America stated, "it affects the quality of your news. ... You have to cover the news from where the news is happening, not from thousands of miles away."
This apparently escapes Reuters.
The editor-in-chief of Reuters, Geert Linnibank, says that "It is not about cutting costs, it is about creating new products.''
Someone should tell Geert that journalism is about reporting the facts and telling the truth.
Industry experts anticipate other news agencies will soon follow Reuters lead. Look for more of the same.
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