News tagged with “cut”. Found:
500 tagged news reports.
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German retailer cuts 15,000 jobs
Berlin :: Germany | 10 months ago
Credibility
The cuts are a part of a plan, called Shape 2012, to increase profits by 1.5 billion euros (£1.4bn;$1.9bn) within the next three years. The company, which owns supermarkets, cash-and-carry outlets and electronics retailers, said it hopes to avoid compulsory...
Forbes: Parker Hannifin slashes 2009 profit guidance
Parker :: CO :: USA | 10 months ago
Credibility Analysts surveyed by Thomson Reuters expect earnings per share of $4.37. "Work force and expense reductions have been implemented throughout the company and contingency plans are in place should further actions become necessary. In short, we are prepared...
Tags: recession, cut, Parker Hannifin Corp., job, profits fall
Source: German retailer Metro to cut 15,000 jobs
Metro :: Indonesia | 10 months ago
Credibility Germany — Retailer Metro AG will cut around 15,000 jobs from its global work force amid the deepening economic downturn, company sources said Tuesday. The reductions are part of a cost savings plan called "Shape 2012" also announced Tuesday morning, according...
Tags: job, cut, Retailer Metro AG
Japan's economy in steep deterioration
Tōkyō :: Japan | 10 months ago
Credibility Japan’s economy is “worsening rapidly” amid plunging industrial production, falling exports and worries about looming large-scale lay-offs, the government declared on Tuesday in the latest in a series of increasingly gloomy assessments. The downbeat assessment...
Tags: economy, economic, japan, export, cut, slowdown, year, decline, global, Bank of Japan
Layoffs at Ericsson despite strong profits
Stockholm :: Sweden | 10 months ago
Credibility Most of the redundancies in Sweden are expected to affect employees in the Stockholm region. The profit marks a decrease from the 5.6 billion kronor the company earned in the final three months of 2007. However, net sales rose to 67 billion kronor, compared...
Tags: com, cut, job, Sony Ericsson, Ericsson & Bose, LM Ericsson, wireless, sony, billion kronor, job cut
Builders brace for downturn, job cuts
Sydney :: Australia | 10 months ago
Credibility Builders are expecting a sharp fall in activity in 2009 with more than 80% forecasting job cuts, Master Builders Australia says. The December 2008 quarter Australian National Survey of Building and Construction released today has found builder sentiment...
Workforce Management: Blue Cross Blue Shield of Michigan to Cut 1,000 Jobs in 2009
Michigan :: MI :: USA | 10 months ago
Credibility Facing projected financial losses that could exceed $1 billion over the next three years, Blue Cross Blue Shield of Michigan announced Friday, January 16, that it plans to eliminate 1,000 jobs this year, cut senior executive pay, freeze wages and reduce...
Tags: cut, job, raise rates, blue shield, cross blue
BASF expects tough market to hurt earnings
Frankfurt :: Germany | 10 months ago
Credibility SE said 2008 and 2009 earnings would be hurt by difficult market conditions, which have deteriorated more than the company anticipated amid the global economic downturn. November abandoned its goal to match the previous year's earnings, when it achieved...
Falling oil prices could prompt OPEC to curb its output
Tehrān :: Iran | 10 months ago
Credibility The 12-member group, which is the supplier of 41pc of the world's crude oil, should wait for its March 15 ministerial meeting to decide on trimming production, Mr Khelil told reporters in Algiers during a contract signing yesterday. He said he expects...
Tags: oil, production, cut, europe, Iran
Bloomberg: UBS Plans to Announce 5,000 Job Cuts, Sonntag Reports; Bank Can't Confirm
Zurich :: Switzerland | 10 months ago
Credibility UBS spokesman Serge Steiner said in a telephone interview today. “We cannot confirm what the Sonntag wrote.” To contact the reporter on this story: Joseph Heaven in Zurich at jheaven1@bloomberg.net
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