Thomson Reuters Restructures, Cuts 60 Eagan Jobs
Thomson Reuters is restructuring its staff in Eagan-a decision that will result in the loss of 60 jobs.
Company spokesman Scott Augustin said Thursday morning that the job cuts span several departments. But among the jobs being eliminated are marketing support, sales training, and training support positions at the Eagan campus, which employs approximately 6,600 people.
On the flip side, Augustin said that the Eagan campus plans to add an unspecified number of customer-facing sales and marketing positions in order put more of a focus on a growing clientele-one- to three-attorney law firms.
“The legal industry has undergone significant changes over the past 24 months, and our customers have made and continue to make lasting changes to the way they do business,” Augstin wrote in a Thursday e-mail to Twin Cities Business. “While market signs are pointing to continued slow recovery, we are still the best positioned and clear leader in our market, relied upon by our customers to provide innovative products that add real value to their practice and business.”
Augustin said that New York-based Thomson Reuters is on track to achieve its goals for 2010, and the changes will help ensure that it's also poised for growth in 2011 and beyond.
Employees affected by the cuts have been notified, and the changes are now underway. Augustin said some of those employees will likely secure other roles within Thomson Reuters. The customer-facing positions being added will take effect in January.
In September, Thomson Reuters said that it wanted 130 employees in Eagan and Rochester, New York, to voluntarily accept buyouts by the end of 2011 as it shifted some of its content production into India and the Philippines. Employees being targeted were those in the legal editorial operations department.
Thomson Reuters employs more than 50,000 people in more than 100 countries. Its legal division, headquartered in Eagan, is among Minnesota's 25-largest employers.