Reuters is last to quit Fleet Street with move to Canary Wharf

LONDON - Global information company Reuters has relocated to new headquarters at Canary Wharf from its offices at 85 Fleet Street, the last major media organisation to depart the traditional home of London journalism.

The move will take 2,500 of the company's staff to the 280,000 square feet, 10-storey office at the building on South Colonnade. Staff will move between now and the end of August.

In 2001, Tom Glocer announced that 3,000 jobs needed to be axed to save £440m but the news group is said to be fighting back by cost-cutting measures such as the move from Fleet Street and the creation of a "data and technical hub" in Bangalore, India, which employs 10% Reuters' total headcount.

Reuters was founded in 1851 in London and moved into its headquarters at Fleet Street in 1939. The group now has 14,500 staff in 91 countries.

The new building houses the latest voice-over-IP and wireless technology as well as a 340-seat newsroom, 150 meeting rooms, a 200-seat auditorium, an internal "village square", on-site Starbucks and quayside staff restaurant.

To celebrate the move, Reuters is running an outdoor exhibition throughout Canary Wharf entitled 'Move!' to run from June until September, featuring 75 pictures based on the theme of movement.

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