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URGENT ¥¥¥ Thomson Reuters group to cut 2,500 jobs

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(Globalpost/GlobalPost)

Global media group Thomson Reuters said on Wednesday that it would cut 2,500 jobs in its financial products division by the end of the year part of a cost-cutting drive.

Chief executive James Smith announced the cuts as he released the company's quarterly and annual financial results, saying the move "positions us for far greater improvement in 2014."

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http://www.globalpost.com/dispatch/news/afp/130213/urgent-thomson-reuters-group-cut-2500-jobs