Reed Exhibitions Scale Back India Operations; Staff Reduced By More Than 50%

imageReed Exhibitions India, part of media conglomerate Reed Elsevier (NYSE: RUK) India Pvt. Ltd, has undertaken a significant restructuring three years after it set up shop in India. The company is closing its New Delhi office and moving all operations to Mumbai, and in the process, has laid off 24 people from its 40-member staff.