Posts Tagged ‘Job Cuts’
According to the largest bank by US assets–JPMorgan Chase, it was announced that the company was to cut 17000 jobs over two years, with the bulk of losses falling on the consumer and mortgage businesses.
Jamie Dimon, chief executive of JPMorgan Chase said that an improving housing market, along with fewer employees processing mortgage defaults as [...]
The search engine giant–Google is planning to cut about 4000 jobs at the loss-making handset manufacturer–Motorola Mobility and shift the its focus from feature phones to producing more innovative and profitable high-end smartphones as Google looks to bring Motorola into profitability.
The job cuts count for around 20% of Motorola’s workforce. Two-thirds of the redundancies will [...]
The Canadian manufacturer of BlackBerry smartphones–Research In Motion has had its market share slump in the face of competition from Apple’s iPhone and competitors using Google’s Android system. The company has already trimmed its strong workforce from a peak of about 20000.
It is expected that the company will reveal significant job cuts of at least [...]
The future of the labour market became a rhetorical battlegroud as trade unions flayed the chacellor’s vintage Thatcher Budget, but held their fire on the timing of any industrial action over jobs, pay and pensions.
George Osborne cited an optimistic forecast by the Office for Budget Responsibility that unemployment currently 2.47m or 7.9 % of the [...]
Following the decision by the Ministry of Defence to postpone a utility vehicle contract as well as a downturn in work supporting British Army operations in Iraq and Afghanistan, it has been announced that the premier global defence, security and aerospace company—BAE Systems is to close three factories at Telford in Shropshire, Leeds and Guildford [...]
The jobless total in the three months to November hit 1.92 million, which is the highest level in more than a decade. Increasing companies is now adding to job woes with further job cuts.
As revealed last week, as badly affected by the global economic slump Corus, the Anglo-Dutch steel maker, which has 24000 workers in [...]
Lehman Brothers was founded in 1850. It has gradually grown into a diversified, global financial services firm. However, most recently, it is widely seen as most vulnerable investment banks in the Wall Street because of its mounting losses on mortgage-related investments, as well as the over expectation. The group’s shares have been pushed down by [...]