BGN Entrepreneur

The world’s biggest drinks firm–Diageo has unveiled a major shake-up of its drinks business that could witness the loss of hundreds of jobs in Europe as the group focuses on driving growth in the booming African and Latin American economies where the sales were up by 17% and 10% respectively.
According to the maker of Smirnoff [...]

Ikea, the Swedish retailer, announced last week that it was launching a cost-cutting program, in spite of a 7.7% rise in revenue in the financial year to August 31st.
This week, the retailer announced that it is going to cut 138 jobs by closing a call center , which is located in Rotherham and deals with [...]

At least 300000 public sector jobs are at risk as George Osborne launches £513 million of cuts, the chancellor will announce, as he bids to make a dent in the country’s £163 billion forecasted deficit for 2010-11.
The Skills Funding Agency, which employs 1200 people, is likely to be shut, along with the Curriculum Development Agency, [...]

Royal Dutch Shell is axing a further 1000 jobs after admitting it had been slow to respond to the global slump. The Anglo-Dutch group, which has 100000 employees across the world, cut 5000 posts in 2009 and had already announced that the company is going to shed 1000 more jobs this year.
However, Peter Voser, chief [...]

According to the second biggest employer in Loughborough after the university—AstraZeneca, its drugs research center near Loughbourough in Leicestershir, is to close with the loss of up to 1200 jobs as part of it 8000 worldwide job cuts announced in Feburary.
The site will shut next year. The employees in the research center are offered the [...]

400 jobs could be saved as UK’s third largest driving school–the RED Driving School has been saved from the clutches of administrators by a last-ditch takeover by a private equity group.
The Private equity firm Kelso Place bought out LVG, which owns RED Driving School and RED Instructor Training, and announced that it had no plans [...]

Borders, the book chain, has closed after 12 years of trading, with the loss of 1100 jobs. At the group’s 45 Borders and Books Etc stores, customers had been picking over cut-price titles since MCR, the administrator, began a closing-down sale.
Borders went into administration in November after internet competition had put the business under pressure. [...]