Reuters is to axe up to 20 senior posts as part of a review of its editorial operations.
But the company says the jobs of on-the-ground journalists aren’t under threat.
On the contrary, Reuters claims it has created 42 extra editorial positions this year as a result of expanding its news gathering operations in the Middle East and its financial news service in London and New York.
The senior editorial cutbacks have come about as a result of a threemonth review by editor-in-chief Geert Linnebank, who has decided to integrate the management of the news and financial data sides of the business.
The company, which employs 2,400 editorial staff, is seeking to make £45m of savings this year.
Global head of news Stephen Jukes is to leave the company and be replaced by the creation of two new positions. Izabel Grindal is to become global head of specialists. David Schlesinger, who was head of North American editorial operations, will become head of news and split his time between the USA and London.
The job cuts have been achieved by simplifying the management of the worldwide editorial business to just three positions. One managing editor will look after each of the three time zones: North America, Asia and Europe, Middle East and Africa.
By Dominic Ponsford