Thomson Reuters Corp To Cut 2,500 Jobs-WSJ
The Wall Street Journal reported that Thomson Reuters Corp plans to cut 2,500 jobs in its core Financial and Risk division by year's end, and said it didn't expect that business to turn around until the second half of 2013. About 1,000 job cuts will come from the sale of the Corporate Services division to Nasdaq OMX Group Inc., expected to be completed in the second quarter, Thomson Reuters said. Many of the others will come from the retiring of so-called legacy products as the division rolls its customers onto its new Eikon and Elektron desktop products.
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