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11-Jun-08 14:15 [Pay and Reward]
Thomson Reuters staff confirm threat of industrial action Thomson Reuters has announced that it is to cut 835 journalist jobs over the course of the next three years as part of an economy-drive aimed at saving $750 million (£380 million).
It has been confirmed that 140 jobs are to go by the end of the year, according to the National Union of Journalists (NUJ).
British based Reuters merged with Canadian news provider Thomson earlier in the year and it has emerged that more than half the cuts will be in Europe.
The NUJ has said that its members are willing to take strike action unless all voluntary routes for redundancies are explored.
NUJ national organiser Barry Fitzpatrick said: "We've been telling management for months that they should be meeting with the union so that employees have a say in their treatment by Thomson Reuters."
He added that members will campaign strongly if attempts are made to force through compulsory redundancies.
Following the recent earthquake in southern China, Thomson Reuters and its foundation donated $200,000 through its AlertNet International Disaster Fund.
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