Financial news and data provider Thomson Reuters has said it will cut a further 3,000 jobs as part of a continuing cost-saving plan. The latest cuts are in addition to 2,500 job losses announced in February.
Like the earlier cuts, the jobs will mainly go in its financial and risk unit, responsible for renting out computer terminals to clients. The news came as the firm reported a 37 per cent fall in net income between July and September to US$283 million.
The latest cuts amount to about 5 per cent of the company's total work force.
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