News tagged with “cut”. Found:
500 tagged news reports.
Your Search Returned 500 tagged news reports
Job losses mount in vicious cycle
New York :: NY :: USA | 10 months ago
Credibility
This is the point in the recession where one round of job cuts leads to another. Employers announced a total of nearly 40,000 job cuts Friday, almost all of them related to problems in other parts of the economy. Circuit City Stores Inc. said it is liquidating,...
Tags: job, cut, recession, job cut, Circuit City Stores Inc., employers announcements, cut leads
Diamond industry facing 1 200 job cuts
Cape Town :: South Africa | 10 months ago
Credibility More than 1 200 job cuts are looming in South Africa's diamond mining industry, trade union Solidarity said on Friday. "While retrenchments are already planned across all industries, the relatively small local diamond industry is being severely affected,"...
Nissan announces fresh production cuts
Tōkyō :: Japan | 10 months ago
Credibility Nissan Motor Co. said Thursday it will further reduce its domestic production by 64,000 vehicles through February and March amid reports that it is set to post a loss this year. Japan's third largest carmaker has now slashed its planned production in...
Tags: financial crisis, loss, global, crisis, cut, Nissan Motor Co., U.S
Europe cuts interest rate to new low of 2%
Frankfurt :: Germany | 10 months ago
Credibility The European Central Bank (ECB) today cut its interest rate by half a point to a record low of 2 per cent as it battles the deepening downturn across the 16-nation Eurozone economy. The central bank has now more than halved rates in just over three months...
Tags: cut, recession, economy, European Central Bank, news, ECB
ThisIsMoney.co.uk: Microsoft 'looking for big staff cuts'
London :: United Kingdom | 10 months ago
Credibility Plans for the cutbacks have not been finalised, insiders told the Wall Street Journal and Microsoft is seeking alternatives to control costs. Microsoft is due to report quarterly earnings next week when it could unveil its jobs cut plans...Laszlo Bock,...
Motorola dials up number of layoffs
Los Angeles :: CA :: USA | 10 months ago
Credibility Mobile handset maker Motorola said Wednesday that it will cut 4,000 more jobs in 2009, in addition to 3,000 it announced last year. The company said the move will save about $700 million a year, starting in 2009, and totaling $1.5 billion in annual savings...
Tags: motorola, cut, job, Motorola Inc., Motorola's Mobile Devices, recession, maker motorola, mobile handset, handset maker, mobile phones
Motorola to Slash 4,000 Jobs
San Francisco :: CA :: USA | 10 months ago
Credibility Motorola Inc. said it will cut 4,000 jobs, or about 6% of its work force, and issued a disappointing fourth-quarter forecast. Three-quarters of the cuts will be in its mobile devices unit with the rest in corporate functions and other units. The layoffs...
Tags: motorola, cut, job, phone, Motorola Inc., U.S, mobile devices, devices unit
Oil prices fall in Asian trade
London :: United Kingdom | 10 months ago
Credibility World oil prices fell in Asian trade Thursday on worries of a supply glut amid weak demand after the latest US data showed a rise in the country's energy stocks, analysts said. New York's main contract, light sweet crude for February delivery shed 38...
Tags: oil, stock, energy, production, fuel, oil prices, crude oil, cut, world oil, U.S
Oil falls on weak demand
London :: United Kingdom | 10 months ago
Credibility Oil prices fell Wednesday on rising inventories and flagging demand in top consumer the United States. US distillate demand fell to the lowest level in five years as the economic recession battered industrial consumption, according to the Energy Information...
Tags: oil, energy, record, stock, retail sales, oil demand, cut, world oil, Opec
Austria's Voestalpine to cut employee work hours
Vienna :: Austria | 10 months ago
Credibility Austrian steel maker Voestalpine AG will reduce working hours for about 10 percent of its 42,000 employees because of the global economic downturn, the company said Wednesday. The decision will affect roughly 2,500 workers in the company's Austrian-based...
Tags: global economic downturn, cut, Voestalpine AG, maker voestalpine, steel maker, steel division, global economic, Austria, affect roughly, based steel
Site Links
Site Topics
Contributions
- Report Your News
- Add your voice and contribute via your cellphone - check out how to Report News via Your Cellphone
- Blog Widget
- Widget for Blog Owner
