Updated: 01/09/2014 12:13 PM
Created: 01/09/2014 12:00 PM KSTP.com
By: Jennie Olson
Another round of layoffs is happening at Thomson Reuters.
The company announced it will be permanently cutting 184 full-time jobs due to the closure of an operating unit in Eagan.
The announcement was made to fulfill the Federal Worker Adjustment Retraining and Notification Act, which requires employers to provide notification in advance of plant closings and mass layoffs.
Back in October 2013 the company cut about 3,000 jobs, representing about 5 percent of the company’s total workforce. The October cuts were mainly in the company’s financial and risk division.
An additional 2,500 jobs were cut earlier in 2013.
Thomson Reuters sells market data, news and information to people in the financial, legal, accounting and scientific research industries. The bulk of its revenue comes from subscriptions to those services.
To read the WARN letter, click here.