Standard & Poor's, Is Their Standard to Make Us Poor?

New York, N.Y. April 13, 2012: Newspaper Guild of New York, CWA Local 31003 represented employees of Standard & Poor's protested the outsourcing of thousands of good paying American jobs by parent company McGraw-Hill today. 

1. The protest outside the 55 Water Street headquarters of S&P included members of Transportation Workers Union Local 100; International Alliance Theatrical Stage Employees Local One; Communication Workers of America Local 1104; International Brotherhood of Electrical Workers Local 1212; and DC 37 American Federation of State, County, & Municipal Employees Local 1455.

McGraw-Hill CEO Terry McGraw, who serves on President Obama's Advisory Committee for Trade Policy and Negotiations, has shipped thousands of jobs overseas, and despite having posted profits in excess of $ 900 million dollars last year, is poised to send thousands more American jobs to India.

DC 37, AFSCME Local 1455 members, with Local President, Michael Demarco

The Newspaper Guild of New York represents 450 McGraw-Hill employees at Standard & Poor's, many of whom are at risk of losing their jobs.

Members of The Newspaper Guild, CWA local 31003 at S&P Protest