Q1 Results: Reuters Cuts 300 Staff in Europe
VENDOR UPDATE
LONDON--Reuters’ cost-saving cuts continue as 300 European sales and marketing staff were made redundant during the first quarter of this year, officials revealed as part of Reuters first-quarter 2003 results announcement.
Reuters’ share price fell slightly last Thursday after its announcement, which includes plans to cut nearly half a billion pounds in costs this year in response to continued falls in revenues for the beleaguered data and systems vendor. The staff cuts are contributing to a 13
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