Short piece in yesterday’s WSJ – sorry it took us so long to pick up on it..
See the fishbowl piece as well – the TR spokesman coul;d have picked his/her words a littl;e more carefully. Not sure those now out of work would like the description of being “eliminated”.
It’s the usual story though – as Christmas draws closer more jobs are lost. We wonder whether there will be a similar announcement from Lexis in the next 3 weeks
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Thomson Reuters To Cut 240 Positions In Legal Business
NEW YORK (Dow Jones)–Thomson Reuters Corp. (TRI) said Thursday it will cut 240 jobs in its legal businesses, with layoffs focused on locations in North America.
The company employs about 13,000 people worldwide in its businesses providing data to legal professionals. That represents about a …
http://online.wsj.com/article/BT-CO-20091203-712689.html
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Fishbowl blog reports the following
Report: Thomson Reuters To Cut 240 From Legal Division
By Amanda Ernst on Dec 03, 2009 04:12 PM
One day after former BusinessWeek editor Stephen Adler was named editorial director of Thomson Reuters’ Professional division, Dow Jones reports that the media company will lay off 240 employees from one of that division’s sub-sectors.
According to Dow Jones, the cuts will come from Thomson Reuters’ legal division, which includes the Westlaw database and other information and services for legal professionals. The division employs 13,000 people, meaning layoffs of this size will decrease the staff by less than two percent.
Update: A Thomson Reuters spokesman has confirmed to FishbowlNY that the company’s legal division today told 240 people “across a number of its North American businesses and locations that their positions have been eliminated.” Those let go were “primarily in software and content operations.” Severance packages and “outplacement support” is being offered to all those affected, the rep added.
