Thomson Financial, the information and systems provider, is cutting more than 100 jobs.

The Boston-based company, which on Tuesday fought off Reuters to hold onto a lucrative systems contract with Merrill Lynch, employs around 1,900 people in Europe. It will start next year with at least 100 fewer. The cuts come just a week after Sharon Rowlands, chief operating officer, said the company would undercut rivals by up to 50% in competitive deals.