Reuters Cuts Ex-QMT Staff in Japan

FRONT PAGE: ORGANIZATION & STRATEGY

Reuters Japan plans to cut about 20 percent of the staff from Quick Moneyline Telerate, the business that it acquired from Quick Corp. earlier this year, say sources close to the situation.

The sources say that 18 QMT staff have already agreed to leave Reuters Japan after completing their transitory duties in December. QMT had approximately 80 staff before its purchase by Reuters, says one source.

Redundant employees will receive six months' full salary and an additional payment based on age,

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