Around 500 jobs are expected to be lost at Reuters, following an organisational restructure. The measures form part of an initiative by Tom Glocer, who is due to succeed Peter Job as CEO of the company at the end of July.
The restructure affects the Board; Rob Rowley and Jean-Claude Marchand will step down in favour of Philip Green and Geoff Weetman, both internal appointments.
Analysts at ABN Amro have given a positive reaction to the initiatives, saying it is a clear and logical evolution which shows the new CEO making his mark.
