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23/07/2001
Hundreds of jobs expected to go at Reuters
Speculation is growing that global news and information group Reuters could be set to announce hundreds of job losses when it reports its half-year results this week.
These jobs cut predictions come after Reuters announced earlier this year that it wanted to achieve annual savings of £150 million by 2003. In line with this move, the news group announced last month a reorganisation its business operations around several key customer segments including banking/brokerage, asset management and corporates/media.
Around 50 management jobs are expected to go, but the group has yet to comment on talk that as many as 1,000 jobs will be axed from its global workforce of around 18,000.
On Tuesday, new Reuters boss Tom Glocer will unveil pre-tax profit figures for the six months to June 2001, estimated to be between £230-245 million against a figure of £267 million for the similar period in 2000.
He is expected to reassure investors that the impact of investment bank cost pressures on Reuters’ revenues is not as bad as some fear and that the business transformation programme, which involves the migration of Reuters’ services onto the internet, will deliver the prescribed savings on schedule. (AMcE)
These jobs cut predictions come after Reuters announced earlier this year that it wanted to achieve annual savings of £150 million by 2003. In line with this move, the news group announced last month a reorganisation its business operations around several key customer segments including banking/brokerage, asset management and corporates/media.
Around 50 management jobs are expected to go, but the group has yet to comment on talk that as many as 1,000 jobs will be axed from its global workforce of around 18,000.
On Tuesday, new Reuters boss Tom Glocer will unveil pre-tax profit figures for the six months to June 2001, estimated to be between £230-245 million against a figure of £267 million for the similar period in 2000.
He is expected to reassure investors that the impact of investment bank cost pressures on Reuters’ revenues is not as bad as some fear and that the business transformation programme, which involves the migration of Reuters’ services onto the internet, will deliver the prescribed savings on schedule. (AMcE)
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24 July 2001
Reuters confirm 1100 jobs to go in radical cutback
Global news and information provider Reuters has confirmed that the group will be cutting 1,100 jobs between now and the end of 2002. The cuts amount to nearly seven per cent of Reuters' workforce and represent one of the biggest mass layoffs in the company's 150-year history.
Reuters confirm 1100 jobs to go in radical cutback
Global news and information provider Reuters has confirmed that the group will be cutting 1,100 jobs between now and the end of 2002. The cuts amount to nearly seven per cent of Reuters' workforce and represent one of the biggest mass layoffs in the company's 150-year history.
07 March 2019
New Terex Facility Brings 100 Jobs To L'Derry
Global company Terex has announced plans to build a new manufacturing facility in L'Derry, adding to its eight other sites in Northern Ireland and bringing 100 jobs to the area.
New Terex Facility Brings 100 Jobs To L'Derry
Global company Terex has announced plans to build a new manufacturing facility in L'Derry, adding to its eight other sites in Northern Ireland and bringing 100 jobs to the area.
12 March 2009
German Airline Deal Takes Off For Bombardier
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06 October 2014
Ericsson Signs €80m Contract With eircom
Fine Gael TD for Longford Westmeath, Gabrielle McFadden, has welcomed the announcement by Ericsson that they have signed an €80 million contract with eircom. The new arrangement makes Ericsson the sole vendor for eircom’s radio access solutions for 4G LTE (Long-Term Evolution), 3G and 2G mobile technologies across Ireland.
Ericsson Signs €80m Contract With eircom
Fine Gael TD for Longford Westmeath, Gabrielle McFadden, has welcomed the announcement by Ericsson that they have signed an €80 million contract with eircom. The new arrangement makes Ericsson the sole vendor for eircom’s radio access solutions for 4G LTE (Long-Term Evolution), 3G and 2G mobile technologies across Ireland.
15 June 2005
NI jobs growth continues
Latest labour market figures have shown that Northern Ireland is continuing to experience jobs growth, with the highest number of employee jobs on record.
NI jobs growth continues
Latest labour market figures have shown that Northern Ireland is continuing to experience jobs growth, with the highest number of employee jobs on record.
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Northern Ireland WeatherToday:Mostly dry south and east, patchy light rain west and north through much of the day. A band of heavier rain crosses central and northern parts in the morning Maximum temperature 13 °C.Tonight:Dry in the southeast at first otherwise widespread light rain or drizzle for most, turning to clear spells and a few showers towards morning. Minimum temperature 5 °C.
