Posts Tagged ‘job cut’

PayPal Eliminats Jobs in Streamlining Effort

Monday, October 29, 2012 11:34 No Comments

The electronic payments business owned by eBay–PayPal, which is competing in a fast-evolving sector,,has cut 325 jobs as well as 120 contractor positions, as part of its effort to redesign the product organisation and consolidates nine product groups into one.
The staff reductions of global e-commerce business, which mainly affected employees in the product and technology [...]

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UBS Plans to Cut up to 10000 Jobs

Saturday, October 27, 2012 4:43 No Comments

UBS, which is the biggest bank by assets in Switzerland, will unveil a split of its struggling investment bank in the coming week in a move that will prompt the loss of up to 10000 jobs across the entire banking group.
The Swiss banking group will bring large parts of its fixed income trading business into [...]

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Aviva Warns of Cutting up to 800 UK Jobs

Friday, August 24, 2012 8:18 No Comments

The world’s sixth largest insurance group and the largest in the UK–Aviva has warned that it would cut up to 800 jobs at its UK business, due to the cost-cutting push by the FTSE 100 insurer’s new chairman–John McFarlane.
The planned job cuts by Aviva, which is part of a strategic overhaul across the group, is [...]

This was posted under category: Jobs Tags: ,

The Eurozone May Losing 4.5 Million Jobs

Thursday, July 12, 2012 10:17 No Comments

The euro zone could lead to lose 4.5 million more jobs over the next four years if the region is shifting away from cost-cutting measures, the International Labour Organization (ILO) warned. The occasion was the unemployment rate in the 17-nation bloc to adopt, by 22 million.
The ILO said it took a concerted policy shift away [...]

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HP to Axe 30K Jobs to Cut Costs

Friday, May 18, 2012 4:37 No Comments

Hewlett-Packard is currently planning to cut as many as 30000 jobs. This move would become one of the biggest mass lay-offs by a US company in the recent years.
According to a person familiar with the plans, it is indicated that though the exact number of job losses has yet to be confirmed, around 25000 to [...]

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Over 1600 Jobs Go at Barratts Priceless

Saturday, December 31, 2011 5:06 No Comments

Until recently, the footwear retailer–Barratts Priceless employed 3840 staff in 191 Barratts and Priceless Shoes stores, plus 374 concessions of which 359 were in Arcadia Group stores.
However, following the administrators’ failure in finding a buyer for company’s concession business, over 1600 staff at Barratts in the UK and Ireland will be made redundant.

This was posted under category: Jobs Tags:

Philips to Cut 4500 Jobs as Profits Fall

Monday, October 17, 2011 12:35 No Comments

The Dutch electronics group–Philips announced that the company was about to axe 4500 jobs in its domestic Dutch operations as its third-quarter earnings plunged and the outlook for its products remains uncertain. The downsizing comes amid sagging consumer confidence in two of Philips’ key markets–Europe and the US.
The job cuts will be part of a [...]

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