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Reuters to axe another 650 jobs

12 April 2012

NEW and information group Reuters is cutting another 650 jobs worldwide.

The redundancies, which will be focused on senior and middle management ranks, add to the 1,800 jobs already lost in the last two years. The group aims to save £100m from the restructuring.

Reuters said the latest move would 'reduce organisational complexity by removing layers of management'.

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