Thomson Reuters to cut 1,500 jobs
Posted by Kelley Vendeland on May 19, 2008 at 1:16 PM
News and financial information Thomson Reuters Plc. is expected to announce 1,500 job losses this week, a move that stems from the £8.7bn merger in mid-April that created the company.
Many of the cuts are to come from the technology operations division, although 100 jobs at the news wire service are on the line. However, reports on the exact figure of cuts have been conflicted.
Further cuts are expected by the end of the year, reports thisismoney.co.uk. An internal email from Peter Moss, global head of content, technology and operations indicates that his group alone will reduce approximately 600 to 650 jobs.
Sources: ThisIsMoney, Interactive Investor through IFRA Executive News Service
Many of the cuts are to come from the technology operations division, although 100 jobs at the news wire service are on the line. However, reports on the exact figure of cuts have been conflicted.
Further cuts are expected by the end of the year, reports thisismoney.co.uk. An internal email from Peter Moss, global head of content, technology and operations indicates that his group alone will reduce approximately 600 to 650 jobs.
Sources: ThisIsMoney, Interactive Investor through IFRA Executive News Service
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