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Report: Reed Elsevier planning to cut more than 1,000 jobs

Published on .

London—Reed Elsevier, the Anglo-Dutch media giant that owns Reed Business Information, plans to eliminate more than 1,000 jobs as part of a continuing efficiency drive, according to a report in this week’s Sunday Telegraph.

The company, which covers the science, medical, legal and business sectors, is preparing to cut jobs during the next two years as it centralizes functions such as procurement, human resources and IT across the company, the Telegraph said.

The report added that it is unclear whether the cuts will be acknowledged in Reed Elsevier's annual results, which are to be released Wednesday.

Salina Le Bris, director of corporate communications for Reed Business Information, declined to comment on the report.

—Matthew Schwartz

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