Thread regarding Thomson Reuters layoffs

The same is happening with Tax & Accounting. Last year, we were told our print products NET at list $35 million a year. We have a very efficient system that supports looseleaf with a small handful of people. Most of us were told in November that our positions are going away and some of us have received offers from TCS and will start working for them on April 1. It doesn't seem to make sense that what they pay us will save money compared to what they'll be paying TCS. Guesses: Print production is being separated out structurally so it can be spun off completely at a later date. There's some talk about "Global Print", but I'm not sure what that really means yet. Perhaps moving everything to the system in use by Legal, which isn't necessarily the most cost effective for our products.

Eagan, MN where they don't know how to use Webex or understand the concept of timezones outside of their own. Well, if they move everything there, I guess it doesn't matter.

It's not clear that Toronto's high cost of living necessarily translates into higher business costs relative to Eagan. Maybe it does, I don't know, but a previous poster seems to assume that higher cost of living means higher pay, which isn't always true (just ask anyone in Vancouver).

My concern is that this wasn't a cost decision at all, but instead part of their quest to simplify the org chart. The C suite seems to have realized a couple of years ago that they were all in over their heads and unable to manage such a sprawling conglomerate. So they've been progressively slimming down the company to make it easier to steer. And I think cutting and combining locations is part of that.

I'm just a little worried that "easier to explain on a ppt side" doesn't necessarily mean more operationally efficient.

Toronto has a high cost of living. Having a printing center there doesn’t make sense.

Did they think to sell off Triform as well? Do they even know that the plant they're closing makes Triform notebooks? Wouldn't be shocked if they forgot about it.

People elsewhere may be surprised by this, but Canadian Legal still makes a lot of money selling hundreds (maybe over a thousand?) different print loose-leaf subscription products. Many of these have monthly releases. Killing the local plant and shipping everything internationally will probably create problems in the short and medium run.

Just one more example of "simplification" making our work more complicated.

OP isn't completely accurate. They haven't yet announced they're moving out of Quebec law. Cyberbahn and Marque D'or provide specialized services, and I understand they are unique within TR. The Quebec branch of TR that does typical TR things is called Éditions Yvon Blais, and so far as I know nobody is thinking of closing or selling it.

For those of you bashing print products and saying it is outdated so the OP should have seen this coming, consider that the Eagan office does a lot of printing and still sells a lot of legal print products. It is not as a has-been as you think. They are moving the jobs not eliminating them in this case.

Um, yes. Have you been to a bookstore lately? People still consume stuff in print. And they’re not stopping printing. It’s just being done in a different location. But thanks for the helpful comment!

You fools are printing on paper, and you didnt see this coming? Thats on you

And if you are getting severance you should consider yourself lucky

Wait, what? Printing? Printing what? Like on paper? Seriously?

The purge continues. Be somewhere else!

Wow! Sorry.