Reuters to Detail Cost Reduction Measures


Reuters is likely to detail cost-cutting measures that include layoffs and a shift in its relationship with Tibco Software when it releases financial results for 2002 tomorrow (Tuesday, Feb. 18) say industry observers.

Sanford C. Bernstein & Co. analysts expect 800 more job cuts to come in 2003 and predict revenues to decline by 8.7 percent, although they say Reuters should benefit from its transformation program and £80 million in headcount cuts made in June 2002. For 2004, the Bernstein ana

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: