Thomson Reuters in Eagan lays off 120
At Thomson West in Eagan 120 workers received pink slips Thursday. The layoffs are part of 240 cuts at parent company Thomson Reuters' legal businesses in North America, which publish legal, business and regulatory information. They also offer online research services.
The company employs about 13,000 people in its legal businesses; about 7,000 of those workers are in the Twin Cities.
Spokesman John Shaughnessy said the fortunes of Thomson Reuters' legal businesses follow those of law firms. The legal profession has suffered in the economic downturn and responded by cutting staff and costs.
"The legal marketplace is changing, and we need to make sure that we're changing along with it so that we can remain properly structured and positioned for growth when the marketplace rebounds," Shaughnessy said.
Shaughnessy said the layoffs in Eagan are primarily in software and content operations. The workers will receive severance packages and outplacement services.
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