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Wed Feb 13, 2013, 09:14 PM

Thomson Reuters to cut 2,500 jobs

Source: AP-Excite

NEW YORK (AP) - News and financial information company Thomson Reuters on Wednesday said it is cutting 2,500 jobs, or about 4 percent of its workforce, this year as it tries to reduce costs and turn around its largest division.

CEO Jim Smith told analysts on a conference call Wednesday that the company is eliminating the positions from its "Financial and Risk" division, which rents out trading terminals to the financial industry. It accounts for just over half of Thomson Reuters' revenue.

"These are not easy decisions, but our cost structure has to meet our customer's requirements," Smith said.

Thomson Reuters has about 60,000 employees.

FULL story at link.



Read more: http://apnews.excite.com/article/20130213/DA4DTSN00.html





In this Aug. 4, 2009 file photo, electronic display advertising is shown on the Thomson Reuters building in New York. News and financial information company Thomson Reuters on Wednesday, Feb. 13, 2013, said it's cutting 2,500 jobs, or about 4 percent of its workforce, this year as it tries to reduce costs and turn around its largest division. (AP Photo/Mark Lennihan, file)

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Reply Thomson Reuters to cut 2,500 jobs (Original post)
Omaha Steve Feb 2013 OP
msongs Feb 2013 #1
Berlum Feb 2013 #2

Response to Omaha Steve (Original post)

Wed Feb 13, 2013, 09:27 PM

1. wonder how much it slashed top man agement pay, especially the CEO and board members nt

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Response to Omaha Steve (Original post)

Thu Feb 14, 2013, 06:53 AM

2. "We handle the 'news' from now on. And you WILL like it." - Ministry of Truth, Inc. (R)

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