Posts Tagged ‘Job Cuts’

Unions Attack Vintage Thatcher Job Cuts

Sunday, June 27, 2010 7:50 No Comments

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 [...]

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Jobs Threat as BAE Reveals Factory Closures

Friday, May 1, 2009 9:56 No Comments

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 [...]

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Steel Giant Adds to Job Woes

Saturday, January 31, 2009 7:01 No Comments

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 [...]

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Lehman Brothers’ Further Cut of 1,200 Jobs

Friday, August 29, 2008 10:08 No Comments

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 [...]

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