Thomson Reuters cuts more than 50 jobs
News and data provider Thomson Reuters plans to cut jobs in Switzerland. Journalists at the news agency are not expected to be affected by the cuts.
The US-Canadian company is cutting a total of 53 jobs, 40 of them in Geneva. Ten jobs are to be eliminated in Zurich and three in Lugano, according to an internal document sent out on Thursday, according to an SDA report. Consultation starts on Friday The document is available to the news agency SDA.
Further details are not known. The consultation, which is mandatory in the case of mass redundancies, is to start on Friday and last three weeks. In an official statement to SDA, a spokesman in London confined himself to saying that the group sometimes has to review its job budget. He said it had to act according to necessity in a highly competitive market environment.
2000 jobs eliminated worldwide
Thomson Reuters announced at the beginning of November that it would cut 2,000 jobs worldwide after profits fell in the third quarter. Even then, the group assured that journalists would not be affected. All 150 sites in 39 countries would be affected. The company employs a total of 48,000 people. Cuts will be made in the technology and finance and risk divisions.
Thomson Reuters had already announced the elimination of 50 jobs in Geneva at the end of 2013. The headquarters in the Rhone city, which opened in 1997, is the regional headquarters of the group. The Group employs a total of 257 people there, 88 in Zurich and six in Lugano.
