By: E&P Staff Newly merged news and financial information company Thomson Reuters confirmed Monday that as many as 140 journalists, most of them working in Europe, will be let go by the end of the year.
Last week, Thomson Reuters said that about 700 jobs in technical support and sales will be eliminated as a result of the merger.
In a story on the Manchester Guardian's Web site Monday, reporter Katie Allen quoted a memo to staff from Reuters News Editor in Chief David Schlesinger, saying that by the end of the year the wire service should have about 2,500 news employees, an increase from the 2,380 Reuters alone had at the end of 2007.
"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," the memo added.
Thomson Reuters will also be adding about 50 new jobs, "in key areas that are central to my strategy of making us the best news service for the 21st century," Schlesinger wrote.
The National Union of Journalists said because management had so far refused to commit to making the layoffs voluntary, it is preparing to take a strike vote.
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