Thomson Reuters to cut 140 news jobs
Simon Thiel and Sarah Rabil of Bloomberg News report Monday that the newly combined Thomson Reuters plans to cut more than 800 jobs, including 140 reporter and editor positions.
Thiel and Rabil write, “Thomson Reuters will have 2,500 news employees by the end of the year, compared with more than 2,380 at Reuters at the end of 2007, Editor-in-Chief David Schlesinger wrote in an e-mail.
“‘Unfortunately, the overlap we’ve found and our need to run the operation efficiently means that we will have to eliminate around 140 jobs worldwide by the end of the year,’ Schlesinger wrote, referring to the news division.
“In a May 16 e-mail, Peter Moss, the global head of content, technology and operations, said his unit will cut 600 to 650 jobs this year. Loris Barisa, the managing director for Continental Europe, the Middle East and Africa, said in a separate e-mail the same day that 45 of the 1,305 sales and service jobs in the region will be eliminated.
“Reuters’s 196 bureaus expand Thomson’s news organization beyond Thomson Financial News in North America and AFX News in Europe. Reuters was founded in 1851 by Paul Julius Reuter.”
Read more here.