Thomson Reuters adjusts to 'new normal'

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Updated: November 23, 2010 - 9:58 PM
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lubug2Nov. 23, 1011:40 PM

It's amazing how many euphemisms a company can come up with for "sending jobs to China and India where we can pay people less." Truly shameful. And, though the number of people laid off in the last year is small, think how big an increase in employment there would be if they had hired some of the thousands of law graduates in the US who are dying for work. I also notice that our FEDERAL TAX DOLLARS are being used to retrain the folks laid off. Because TR is doing well financially, why the heck don't THEY pay for it? More & more it seems like our government only exists to take up the slack for what corporations don't want to do, doesn't it?

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j193178Nov. 24, 10 5:26 AM

Nice job Klein & Pawlenty..., great writing Strib, they have more jobs in Eagan than 10 years ago? For one thing these guys weren't in charge then, secondly after you take out the Walmart & Sam's club jobs is the metric still true? Cheetoes & Prime Rib are not the same thing! The "top 2%" were the ones that gained from this, nobody else,

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pitythefoolsNov. 24, 10 8:28 AM

Thomson started experimenting with moving both IT and editing offshore starting in the early 2000's. I see it worked. Since Thomson is as much an IT shop as it is a legal information business, Eagan can plan on losing hundreds to thousands of jobs over the next several years. More money for the wealthy, less jobs for the rest of us.

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mrhandsNov. 24, 10 9:02 AM

Thomson used to be a good place to work until slimeball CEO Tom Glocer - The Master Outsourcer - took over. And the jobs they are moving to Asia are so much more than "keyboarding, data entry..." jobs, as the PR hack states. Desktop publishing, writing jury verdict summaries, editing author manuscripts are the types of jobs being sent to workers who earn $4/hour. It has nothing to do with updating legal databases as the sun rises (most of the work goes through an attorney based in Eagan before it goes to Asia). TR should just admit the reason is for cost cutting measures only; the work was done just fine in Eagan.

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hoggin1977Nov. 24, 10 9:15 AM

I worked for this company briefly. They never did hide for a second that they were going to outsource jobs to the Phillipines. Would I work for them again? No, not if I can afford it. Honesty is a critical quality, but mere honesty will not gain and maintain loyal customers.

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atfateshandsNov. 24, 1010:17 AM

The last two years for TR has been pretty bad. FindLaw is the only business unit doing well in the entire company. When I has hired 5 years ago, it was great. Lots of freebies, regular holiday parties, yearly bonuses for employees and plenty of perks. Since Glocer came on, those have all disappeared. Layoffs and outsourcing of jobs across the board has become a regular staple of his reign as CEO. Turnover has increased in several business units and TR is just not a good place to work anymore and word is getting around quickly.

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democratslieNov. 24, 1011:13 AM

Let's raise their taxes! Democrats demand tax increases on business EVERY year. I'm sure that will create lots of jobs. In fact, millions of people voted for Obama based on that theory. Didn't work so well, did it?

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truthtopowerNov. 24, 1011:36 AM

Thomson is still a good place to work if you are doing software development. The numbers in the article are skewed, however, because they do not account for the army of temporary contract staff who ballooned up in lieu of fulltime hiring and are now rapidly disappearing. If you count those people, the numbers of people no longer at Thomson are in the thousands. The managers inside Thomson have done their best to paint a happy face on the new economic normal, but yes, it is a declining market where cost cutting is going to be king from now on. Not everything can be offshored, but there is little accountability for those who see offshoring as good for business. It is depressing to experience, but people who work for a living, especially people with families, just have to soldier on in the face of a political nightmare that they cannot do anything to change.

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mailboxNov. 24, 10 3:00 PM

There is NO way in H*** there is anywhere close to 7000 employees at TR Eagan. No way in h***. 4000 is more like it. The other 3000 are temps. TR is systematically sending jobs overseas. But what can you expect from a foreign-owned company? And much of our legal system relies on information maintained by a foreign-owned entity? What's wrong with this picture?

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holstjNov. 24, 1010:33 PM

mailbox, what's wrong with being a temp/contract employee? I made that choice 3+ years ago and I make more than 90% of the "regular employees" including those with director and VP titles. Of course I need to prove myself every day and show what value I deliver but isn't that what's it's all about??

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