Thomson Reuters Corp. is cutting 22 jobs as it restructures its global online news operation in Toronto as the company shifts the work to India, the union representing the workers said Thursday.
The Canadian Media Guild, which represents Reuters employees in Toronto and across the country, said 17 permanent and five temporary workers were being cut.
The workers posted news stories and pictures to the Reuters website. After the cuts, the Toronto online operation will have five employees.
Thomson Reuters is controlled by the Toronto-based Thomson family.
“It's really disappointing that Thomson Reuters — a profitable Canadian company — is offshoring jobs to pay people a pittance,” said Glenn Gray, staff representative of the union.
“It's not in the interest of our members, or of Canadians, for employers to throw people out of work and put downward pressure on our wages.”
Thomson Reuters declined to comment Thursday.
The company has more than 55,000 employees around the world and provides financial, legal and other information.
Two weeks ago, the company announced that chief executive officer Tom Glocer is stepping down as part of a management shakeup as the company faces a tough economy and weaker results in its financial markets operations.
Mr. Glocer, 52, will leave at the end of the year and will be replaced by chief operating officer Jim Smith, who was appointed to that post in September.
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