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Latest Articles in job cuts

HSBC To Cut Up To 10,000 Jobs In Drive To Slash Costs: Report

The plan represents the lender’s most ambitious attempt in years to cut costs, the newspaper said, citing two people briefed on the matter.

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Airbus To Meet Staff Members As Possible Job Cuts Loom

Senior management representatives of Airbus will meet with the European Works Council on 7 March 2018 to explain previously announced rate reductions on the A380 and A400M programmes and to discuss associated implications for the workforce

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Over 8000 Employees To Lose Job Immediately As McDonald's Shut 169 Outlets

There is an impact for thousands of employees. There seems no direct and immediate resolution in sight. Something as direct as this impacts the brand trust on the brand directly and significantly. And since the principal driver of the brand choice in case of McDonald's is the child, if this habit gets broken, it is a difficult turf to get back

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Volkswagen To Cut 30,000 Jobs At VW Brand By 2021

Europe's largest automaker is trying to increase savings at its biggest unit in Germany, where its costs are high, while needing to find billions of euros to pay for the cleanup related to its diesel emissions cheating scandal

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HP To Cut Up To 4,000 Jobs Over Next Three Years

HP Inc said it expects to cut about 3,000 to 4,000 jobs over the next three years, as the maker of printers and personal computers continues to struggle with a subdued market, sending its shares down 1.3 per cent in extended trading

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Cisco Systems To Lay Off About 14,000 Employees, Says Report

The company is expected to announce the cuts within the next few weeks, the CRN report said, as the company transition from its hardware roots into a software-centric organization

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HSBC To Shake Up Global Banking Business To Cut Costs

The reorganisation is part of HSBC's plans announced last June to slash nearly one in five jobs and shrink its investment bank by a third as it seeks to boost profits

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Layoffs: Industries that are proving to be risky place for jobs

The year 2015 wasn’t as glorious as many thought it would be and the global financial crisis which began during its second half, seems to further threaten the world as we entered 2016. Multiple industries are seeing the domino effect due to the market downfall and sinking oil prices.

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Nokia Likely To Cut 10,000-15,000 Jobs Worldwide

Telecom network equipment maker Nokia is likely to cut 10,000 to 15,000 jobs globally as part of a cost-cutting programme following its acquisition of Franco-American rival Alcatel-Lucent

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JSW Steel Bids For Tata UK Assets

JSW Steel has bid for the British operations of Tata Steel Ltd, worrying bankers about its high debt levels and pulling down JSW shares on Tuesday

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Intel To Cut Up To 12,000 Jobs As PC Industry Swoons

Intel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 per cent of its workforce, as it refocuses its business towards making microchips that power data centres and Internet connected devices and away from the declining personal computer industry it helped found

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Tata Steel Reaches Out To 190 Parties For Sale Of UK Assets

Tata Steel on Monday said it has reached out to 190 potential financial and industrial investors for selling its UK assets, while appointing Standard Chartered Bank as an additional advisor to scout for buyers in Asia and the Far East

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Tata Steel Sells UK Scunthorpe Plant To Greybull Capital

British investment firm Greybull Capital has said it would buy Tata Steel's Long Products Europe division in a deal which includes $570 million investment and financing package

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Thousands Of Jobs At Risk As Tata Steel Seeks British Exit

Tata, which employs about 15,000 people in Britain at sites including the giant Port Talbot plant in Wales, said its financial performance in Britain had deteriorated sharply in recent months and it wanted to exit as quickly as possible

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Credit Suisse Steps Up Cost Cuts In Tough markets

The cuts include eliminating 2,000 jobs at its Global Markets business to better weather challenging market conditions, Switzerland's second-biggest bank said

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