P.M. BRIEFING : Reuters Announces 300 Layoffs
From Times Wire Services
LONDON —
Reuters, the international news and financial services agency, said today that it will cut 300 jobs, 200 of them in Britain, because of “difficult and unsettled” market conditions.
The company said it will also delay the launch of Dealing 2000, an improved system for electronically providing foreign exchange information to traders.
Reuters said the jobs to be cut will be in the central corporate departments covering finance, marketing and administration. A few editorial jobs also could be affected.
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