New Thomson
Reuters Toronto Technology Centre to Create 1,500 Jobs in
Canada
CEO and CFO to relocate to Canadian
headquarters in Toronto
TORONTO, Oct. 7, 2016 -- Thomson Reuters today announced
the expansion of its Canadian operations with the creation of a new
technology centre in downtown Toronto,
Ontario. The Toronto Technology Centre is expected to create
400 high-quality technology jobs in Canada over the next two years, with plans to
grow to approximately 1,500 jobs over time.
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"Canada is not only our home,
it is home to an emerging ecosystem of world-class technology
talent," said Jim Smith, president
and chief executive officer of Thomson Reuters. "Our new Technology
Centre furthers our commitment to growing Canada's preeminent hub of innovation, and to
building the customer-centric platforms and solutions of the
future. We applaud the Canadian federal, provincial and municipal
governments for making jobs, innovation and the knowledge economy a
top priority and look forward to our role in supporting these
initiatives."
The Toronto Technology Centre will allow Thomson Reuters to
co-locate technology talent to drive productivity, increase
flexibility and encourage cross-enterprise innovation. The
Toronto-Waterloo Region Corridor is one of the largest technology
clusters in the world and offers a rich mix of emerging and mature
technology talent and a robust pipeline of development graduates
from local universities. Proximity to large and strategic customers
will also enable rapid, customer-driven innovation, particularly in
Toronto's fast growing fintech
community.
As part of Thomson Reuters growing investment in Canadian talent
and innovation, Mr. Smith and Chief Financial Officer Stephane Bello will be relocating to
Toronto in 2017. The company's
expanded corporate presence in Toronto will support its growing footprint and
build on its heritage as one of Canada's leading international companies, and
most respected brands. Additional management roles will be
relocated and recruited locally in Toronto over the next few years.
"Today's news is an example of how great things can happen when
the public and private spheres work together – for the betterment
of Canadian workers, and Canadian families," said Canadian Prime
Minister Justin Trudeau.
"Ontario is creating the
conditions for businesses to thrive and help create jobs for people
across the province. We are delighted that Thomson Reuters selected
Ontario and look forward to even
more opportunities like this as we continue to invest in our highly
skilled workforce and build up our innovation economy," said
Ontario Premier Kathleen Wynne.
"More and more businesses like Thomson Reuters are choosing
Toronto as the city to expand
their footprint, embracing new technologies and new partnerships.
It's good for business and it's good for our economy,?" said
Toronto Mayor John Tory.
The Toronto Technology Centre will be initially located in
Bremner Tower and focus on emerging skills such as cognitive
computing, visualization, user experience and cloud development.
Initial hiring, which will start in the coming weeks, will focus on
skills related to the company's cognitive computing initiatives as
well as core development.
Thomson Reuters currently has 1,200 employees based in
Canada. In 2015, the company
established Thomson Reuters LabsTM – Waterloo Region at Communitech
to drive innovation through applied research and experimentation in
partnership with academics, students and startups. Also in 2015,
Thomson Reuters began sponsoring MaRS Discovery District's LegalX
Cluster in Toronto, one of the
world's largest urban innovation hubs to foster innovations that
advance the legal industry. In September, Thomson Reuters announced
the sponsorship of a research chair in data science and
gift-in-kind of nearly 700 Thomson Reuters Eikon desktops to the
University of Waterloo, and the opening
of a new customer centre at the company's Bay Street offices. The
company will continue to maintain customer centres in key markets
such as New York, London and Hong
Kong bringing the very latest developments directly to its
customers.
Thomson Reuters
Thomson Reuters is the world's leading source of news and
information for professional markets. Our customers rely on us to
deliver the intelligence, technology and expertise they need to
find trusted answers. The business has operated in more than 100
countries for more than 100 years. Thomson Reuters shares are
listed on the Toronto and New York
Stock Exchanges (symbol: TRI). For more information, visit
http://www.thomsonreuters.com/.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this news release are forward-looking,
including the company's current expectations for its Toronto
Technology Centre and corporate headquarters. These forward-looking
statements are based on certain assumptions and reflect our
company's current expectations. As a result, forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from
current expectations, including factors discussed in materials that
Thomson Reuters from time to time files with, or furnishes to, the
Canadian securities regulatory authorities and the U.S. Securities
and Exchange Commission. There is no assurance that the events
described in any forward-looking statement will materialize. Except
as may be required by applicable law, Thomson Reuters disclaims any
obligation to update or revise any forward-looking
statements.
CONTACTS
MEDIA
David Crundwell
Senior Vice President, Corporate Affairs
+1 416 649 9904
david.crundwell@tr.com