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Reed 'plans' job cuts
Reed Elsevier, the Anglo-Dutch media group, is drawing up plans to axe more than 1,000 jobs as part of a continuing efficiency drive, according to the Sunday Telegraph.
The company, which owns the LexisNexis information service and the medical journal, The Lancet, is understood to be preparing to cut the jobs over the next couple of years as it centralises functions such as procurement, human resources and IT across the group.
Analysts expect the job cuts - the majority of which will take place outside Britain - to contribute to a restructuring that will shed as much as £100m from Reed's annual costs bill. It is unclear whether the cuts will be acknowledged formally in its annual results announcement on Wednesday.
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