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

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