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LexisNexis to move 320 jobs from area
Thursday, May 29, 2008
MIAMI TWP., Montgomery County — A total of about 320 jobs will be moved from LexisNexis' local campus by early 2009, a spokesman for LexisNexis parent Reed Elsevier said Wednesday, May 28.
But the spokesman, David Ruth, also said the Ohio 741 campus remains a key part of the company, housing global operations for both companies.
Extras
"We're definitely committed to the Dayton area, and we don't have any plans to close down that facility, for sure," Ruth said.
In April, LexisNexis spokespeople acknowledged that the company will eliminate up to 250 jobs at the local campus by early 2009.
And on Wednesday, an internal company memo was released, telling employees that nearly 70 Reed Elsevier jobs — in addition to those noted in April — will be "made redundant" by year's end by a new five-year agreement Reed Elsevier has reached with Cognizant Corp, an Indian information technology consulting firm.
"The decision was an extremely difficult one," Bill Godfrey, Elsevier chief information officer, wrote in the document. "The team in Dayton, these 68 colleagues, are high-performing and have justifiably earned respect across both IT and S&T (science and technology)."
Reed Elsevier said in February it intends to achieve about $481 million in "cost savings" over the next three years. An Elsevier spokesman at the time acknowledged that such cuts will have Dayton-area headcount "implications."
But Ruth said Reed Elsevier is committed to Dayton, having embarked on a "substantial renovation" to one of its campus buildings.
He also said outsourcing is part of doing business for a global company.
Godfrey wrote that a team concluded that there was a "significant benefit" to a partnership with an offshore consultancy. The evaluation took nine months, he wrote.
Wrote Godfrey: "There is an understandably strong reaction to any decision that involves outsourcing. Even though the decision results in demonstrable value to the firm, there is typically a negative consequence in that colleagues can have their positions made redundant."
