Reuters Jobs Bound For Bangalore

Reuters is to axe 75 jobs in the UK as it moves part of its content business to India in a bid to cut costs…According to a source quoted in the story, Reuters would “move everything if they could”, but was hampered by Indian workers’ lack of European language skills and shortcomings in India’s communications infrastructure.

The financial data business accounts for 93% of Reuters’ core revenues but the company has been under pressure over the last year from rival Bloomberg, which has overtaken Reuters’ market share.

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