Tuesday 11 December 2018

Reuters to slash 12pc of jobs to cut costs

UK HQ: The Reuters Building at Canary Wharf in London. Photo: Bloomberg News
UK HQ: The Reuters Building at Canary Wharf in London. Photo: Bloomberg News

Reuters

Thomson Reuters said on Tuesday that it will cut its workforce by 12pc in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.

The news and information provider, which completed the sale of a 55-pc stake in its financial and risk unit to private-equity firm Blackstone, announced the cuts during an investor day in Toronto. Shares rose 3.7pc to an all-time high.

Irish Independent

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