Advertisement

Thomson Reuters to create 400 jobs in Canada, senior roles to come to Toronto

Click to play video 'Thomson Reuters expansion an example of ‘great’ public-private collaboration: Trudeau' Thomson Reuters expansion an example of ‘great’ public-private collaboration: Trudeau
WATCH ABOVE: Prime Minister Justin Trudeau celebrated the creation of 400 new jobs in the knowledge economy announced by Thomson Reuters on Friday, saying that it's a "great" example of what can happen when the public and private sectors collaborate – Oct 7, 2016

TORONTO – Thomson Reuters unveiled plans Friday to create 400 jobs in Canada over the next two years, including at a new technology centre in Toronto.

Initial hiring will start in the coming weeks, with a focus on the company’s cognitive computing initiatives.

READ MORE: Thomson Reuters to cut 2,500 jobs in 2013 as part of turnaround effort

The global information and media company says its chief executive officer and other management roles will also be relocating to Toronto in 2017 as part of the initiative.

WATCH: Thomson Reuters announces 400 innovation jobs for Ontario’s ‘knowledge economy’

Click to play video 'Thomson Reuters announces 400 innovation jobs for Ontario’s ‘knowledge economy’' Thomson Reuters announces 400 innovation jobs for Ontario’s ‘knowledge economy’
Thomson Reuters announces 400 innovation jobs for Ontario’s ‘knowledge economy’ – Oct 7, 2016

The company – which has about 52,000 employees around the world – currently has its principal executive office in New York City but retains a corporate headquarters in Toronto. It currently has about 1,200 positions in Canada.

Story continues below advertisement

“Canada is not only our home, it is home to an emerging ecosystem of world-class technology talent,” Jim Smith, president and chief executive officer of Thomson Reuters, said in a statement.

The company says it’s attracted to a pool of talent within an innovation clusters that includes Toronto and Waterloo Region, an area that includes headquarters for Canada’s big banks and insurance companies, universities and fintech developers.

READ MORE: GM to expand engineering team in Ontario, create more than 700 new jobs

Ontario Premier Kathleen Wynne said the move shows the province remains a competitive and rewarding place for companies to invest.

WATCH: Premier Wynne says Thomson Reuters expansion proves Ontario leading innovation economy

Click to play video 'Thomson Reuters expansion proves Ontario leading innovation economy: Wynne' Thomson Reuters expansion proves Ontario leading innovation economy: Wynne
Thomson Reuters expansion proves Ontario leading innovation economy: Wynne – Oct 7, 2016

“With this announcement, Ontario’s greatest strengths are on full display: a diverse and highly skilled workforce, a culture of innovation and a dynamic business climate,” she said in a statement.

Story continues below advertisement

Thomson Reuters originated in Canada and owned a national chain of newspapers, before it diversified and evolved into an information services provider to the financial, legal and other professional communities.

READ MORE: Mideast investment company Saffar sells online business service Zawya to Thomson Reuters

It also owns Reuters, one of the world’s largest news organizations – which was acquired by Thomson Corp. in 2007.

The Thomson family, through its private holdings, continues to be majority owner of The Globe and Mail but the publicly traded company Thomson Reuters no longer owns newspapers.