The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.19 - Other publishing activities
3,200 jobs Number of planned job losses
Announcement Date
4 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2020
Description
The financial data and press agency Thomson Reuters has announced 3,200 job cuts and office closures worldwide over the next 2 years as part of an internal reorganisation. The job cuts represent about 12% of the total workforce. The number of its offices would be reduced by 30% to 133 locations. The company didn't give details about the countries affected but highlighted that the 'majority of employees had already been notified'.
Thomson Reuters is one of the world's largest press agency, ahead of The Associated Press and Agence France-Presse. In November 2018, Thomson Reuters reorganized its European news bureaus, dismissing journalists in France, Germany, and Italy. Two former worldwide job cuts took place in 2002 (2,000 job cuts) and in 2004 (100 job cuts and 90 job creations).
Sources
Citation
Eurofound (2018), Thomson Reuters, Internal restructuring in World, factsheet number 96193, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96193.
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