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Reuters Offers Buyouts to Veteran Staffers

Reuters is offering buyouts to staffers who have been with the company for at least 18 years. The Newspaper Guild of New York is planning on countering Reuters’ initial offer, which applies to 97 people.

Reuters also announced it was cutting seven editorial jobs and moving its Americas desk from Washington DC to New York. No word on if these moves are part of the five percent staffer cutbacks promised by Reuters’ editor, Stephen Adler, last week.

The Guild’s officers and members have already met to discuss the buyout terms. The Guild plans to submit their counteroffer before the end of the week.

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