Internal restructuring
Location of affected unit(s)
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.19 - Other publishing activities

3,200 jobs
Number of planned job losses
Job loss
Announcement Date
4 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2020


The financial data and press agency Thomson Reuters has announced 3,200 job cuts and office closures worldwide over the next 2 years as part of an internal reorganisation. The job cuts represent about 12% of the total workforce. The number of its offices would be reduced by 30% to 133 locations. The company didn't give details about the countries affected but highlighted that the 'majority of employees had already been notified'.

Thomson Reuters is one of the world's largest press agency, ahead of The Associated Press and Agence France-Presse. In November 2018, Thomson Reuters reorganized its European news bureaus, dismissing journalists in France, Germany, and Italy. Two former worldwide job cuts took place in 2002 (2,000 job cuts) and in 2004 (100 job cuts and 90 job creations).



Eurofound (2018), Thomson Reuters, Internal restructuring in World, factsheet number 96193, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96193.