LexisNexis to cut up to 250 jobs through 2009
Monday, April 14, 2008
MIAMI TWP., Montgomery County — LexisNexis plans to eliminate up to approximately 250 jobs between now and early 2009 at its suburban Dayton campus, according to a company announcement Monday, April 14.
The company disclosed that the information technology division of its parent company, Reed Elsevier, announced plans last week to phase out 38 positions from now through May 10 at the suburban Dayton operation, where about 3,000 people are employed. It is the company's single largest operational site in the United States.
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And on Monday, LexisNexis said it will transfer the work of 215 Dayton-area positions to outside suppliers, part of a total of 290 positions whose work will be turned over to outside suppliers between now and early 2009 in order to cut costs.
Those reductions will affect data collection, conversion, editing and business systems operations, LexisNexis said. The cuts are necessary in order for the company to remain competitive and make investments to meet customer demands, management said.
All of the affected employees will receive severance benefits and help finding new jobs, the company said. It is possible that some employees might be redeployed within the company, management said.
"Guided by the long-term needs of our business, we regret that some of our employees will be leaving LexisNexis," Sue D'Agostino, the company's vice president for corporate communications, said in a statement.
Reed Elsevier said in February that it intended to achieve about $481 million in cost savings during the next three years.
The electronic publishing company provides information services to legal, corporate, government and academic customers.
Contact this reporter at (937) 225-2242 or jnolan@DaytonDailyNews.com.
