JOB CUTS AT REUTERS NEWS AGENCY

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That this House is deeply concerned by the proposal of Reuters to cut more than 100 jobs from its London news operation and its news bureaux around the world; expresses its concern at plans to transfer jobs to low-wage economies in Asia with poor employment rights; further expresses concern that Reuters will make substantial cuts in editorial budgets; believes such cuts will damage the company's reputation for accuracy and integrity; and urges the company to think again and compete on the basis of the highest quality not the lowest cost.