Page 15 - Job Cuts

IBM planning to cut about 10,000 jobs in Europe ahead of unit sale

The wide-ranging losses will affect about 20 per cent of staff in the region, according to people familiar with the matter

Danone to cut up to 2,000 jobs, aiming to save $1.2 billion: Report

The world's largest yoghurt company on Monday said these actions would help it save 1 billion euros a year by 2023 and meet a new mid-term margin target.

ThyssenKrupp to slash 11,000 jobs after recording $6.5 bn net loss

Sees another billion-euro deficit after 5.5-bn euro loss

L&T Technology may trail peers in near term despite improved FY21 guidance

While deal pipeline remains strong, Q3 growth, valuations could impact stock

Chevron to lay off about 25% of Noble Energy employees after merger

The job cuts come after the company promised to lower its operating expenses by $1 billion this year in the face of sharply lower energy demand

When job loss wrecks your finances

Continue to pay your loan EMIs and insurance premiums for term and health policies (not investment-based policies) on time

Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: Report

The South China Morning Post said the airline was expected to announce the job cuts on Wednesday, adding the figure had been reduced from 8,000 layoffs after government intervention

Japan's ANA to seek workers to leave voluntarily, cuts winter bonus to zero

ANA said redundancies would be offered to some of its 15,000 employees but did not give a specific figure

United Airlines' pilots agree on reduced schedule to avert 2,850 furloughs

United is still planning to furlough more than 12,000 frontline employees on Oct. 1

Lufthansa to cut more jobs, pull big jets due to gloomy travel outlook

The airline will also pull its remaining eight Airbus A380 jets out of service and put them in long-term storage, along with 10 four-engine A340-600 aircraft

World Coronavirus Dispatch: Citigroup to resume job cuts after pause

Hong Kong plans new stimulus as economy falters, China's recovery gathers speed on retail rebound, some jobs may permanently move to machines and other pandemic-related news across the globe

Singapore Airlines plans to cut 4,300 jobs due to Covid-19 pandemic

The group said in a statement it will cut the positions across Singapore Airlines, regional arm SilkAir and budget unit Scoot

Rising sales numbers not a reflection of ground reality, say auto dealers

Dealers say that with more job cuts and salary reduction, banks and NBFCs have become more cautious

Ford Motor to cut 1,000 North American salaried jobs amid overhaul

The job cuts are aimed at improving the automaker's efficiency and are not related to rising costs from the coronavirus pandemic, said people familiar with the action

Chevron Corp posts $8.3 billion quarterly loss on writedowns, job cuts

The loss includes $1 billion to cover severance pay for up to 15% of its 45,000-person workforce

This is how you can get free Netflix subscription for 83 years in US

Netflix is giving a free subscription for 83 years, or 1,000 months, calling it an 'immortal' account. All you have to do is play a video game and get the highest score

United Airlines warns it may furlough 36,000 staff as Covid-19 hits demand

The outlook for a recovery in the airline industry has dimmed in just the past two weeks, as infection rates rise in much of the US.

United Airlines sending layoff notices to nearly half of its US employees

In the clearest signal yet of how deeply the virus outbreak is hurting the airline industry, United Airlines will send layoff warnings to 36,000 employees, nearly half its US staff

Airbus employees protest job cuts as firm plans to lay off 15,000 workers

Airbus has said a third of the 15,000 jobs are set to go in France included 3,378 in the southwestern city of Toulouse where it assembles wide-body jets and some smaller A320s

Germany's DHL to cut 2,200 jobs at UK Jaguar Land Rover plants, save costs

The job cuts comprise just under 40% of the entire DHL workforce on the contract