STATEMENT FROM REUTERS FRANCE'S UNION REPRESENTATIVES
We do not see how the termination of these jobs, some of which could be offshored to Poland, would make our coverage more relevant or add more value to our customers. The announcement is part of a larger cost-cutting program within Reuters News and comes after other layoffs in Germany and Italy, where local language services have also been targeted.
No significant investment was announced alongside this downsizing, in spite of the healthy results of our parent company, Thomson Reuters, and the $17 billion in gross proceeds it earned by selling 55 percent of its Financial & Risk business to Blackstone. Reuters' decision to cut jobs in its European offices, in a bid to increase its margins, is all the more incomprehensible given that other international news organisations such as the Washington Post have recently announced they would be hiring more international correspondents.
We find this move disproportionate and strategically unconvincing. That is the reason why we called a 24-hour strike, the first one in 15 years, starting Wednesday at midnight. The news flow out of France – in both French and English – will therefore be interrupted.
France's union representatives.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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