As WT sues abuse survivors it seems they do not really need the extra cash.
Company Profiles NYC 50
September 22, 2003
WATCHTOWER BIBLE & TRACT SOCIETY
OF NEW YORK
25 Columbia Heights, Brooklyn, 11201
Revenue: $951 million
CEO: Don Adams
Employees: 5,227 (all volunteers); local, 3,000
The Brooklyn print shop responsible for producing almost half of the books used by Jehovah's Witnesses worldwide will soon complete its final run. The Watchtower Bible & Tract Society of New York printery that has produced more than 1 billion books since 1927 is slated for closure now that printing, binding and shipping operations will be moved to a Walkill, N.Y., location. Walkill's new bindery equipment will be able to produce hardcover books and deluxe Bibles at a rate of 120 a minute.
In May, Watchtower announced plans to sell the 1-million-square-foot building - just one of the buildings in the Brooklyn waterfront complex. "Perhaps this building will be used by others in a way that is compatible with the Brooklyn waterfront development," said Robert Alexander, a spokesman for Watchtower. The organization headquarters will remain.
Watchtower says these changes will contribute to a streamlined flow of literature to its 12,000 congregations in the United States. The Jehovah's Witnesses' primary journal, The Watchtower, has an international circulation of 25 million in 147 languages.