Thursday, February 21, 2013

Thomson Reuters Plans to cut 2,500 Jobs

Thomson Reuters Berencana Pangkas 2.500 Pekerjaan

Monexnews-Thomson Reuters Corp. announced plans to cut about 2,500 jobs in Financial and Risk Division until the end of this year. The step was taken after the company posted a drop in Sales Division for the year 2012 and predict if their business has yet to be recovered before the second half of 2013.

About 1,000 job reductions are to be made through the sale of Corporate Services Division to Nasdaq, which is forecast to be completed in the 2nd quarter, Thomson Reuters said. While the rest of the work will be done on old products division, as customers switched to using the new desktop products such as Eikon and electrons. The LAYOFFS also will bring the cost of severance for about $ 100 million, most of which are expected to be published in the first quarter.

"This is definitely not an easy decision, but our fee structure to meet the needs of our customers," said Chief Executive Jim Smith in an interview. (vid)

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Title Post: Thomson Reuters Plans to cut 2,500 Jobs
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Author: Mohammad Zulfi Satriawan

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