City job cuts expected to hit Thomson Reuters

Posted by Paul McNally on 21 April 2008 at 06:55
Tags: Agencies, Journalism

A cull of several thousand jobs in the City is likely to have a negative impact on the newly-merged Thomson Reuters, according to the Sunday Telegraph.

“All of a sudden there are fewer bankers and traders who need the information that Thomson Reuters provides,” the paper says. Shares in the new global news agency floated on Thursday and nosedived within hours.

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