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Latest Articles in jobs cut

Encouraging Bids For Tata Steel But No Guarantees, Says David Cameron

British Prime Minister David Cameron has said there have been an 'encouraging number of serious bids' for Indian steel giant Tata Steel's loss-making UK assets but warned there were 'no guarantees' for a successful conclusion to save thousands of jobs

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Britain Says Could Take 25% Equity Stake In Tata Steel UK Assets

Britain said on Thursday it could take an equity stake of up to 25 per cent in Tata's UK steel assets or provide hundreds of millions of pounds worth of debt financing to help support a potential buyer

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Tata's Port Talbot Steelworks In Possible Management Buyout

Managers at Tata's Port Talbot steelworks have been briefed about a potential management buyout plan, Sky News reported on Tuesday, citing sources.

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Indian-origin Steel Tycoon Says Saving Tata Jobs On His Mind

Gupta has a vision for "Green Steel", using renewable energy to melt the readily available supply of scrap in Britain, instead of relying on the import of iron ore and coal from far flung corners of the globe

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UK's Serious Fraud Office Opens Probe Into Tata Steel's Operations

According to a newspaper report, police officers are examining allegations that staff working for Tata Steel's office in Britain may have falsified certificates detailing the composition of its product before sale

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UK Business Sale To Ease Pressure On Tata Steel’s Operations: Moody’s

The move has threatened over 15,000 jobs amid a deepening crisis in the UK's once-storied sector that the Indian firm had entered nearly a decade ago with a $14-billion takeover with much fanfare

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Britain Says State Takeover Not The Answer In Steel Crisis

Prime Minister David Cameron said there was no guarantee a buyer could be found for Britain's biggest steel producer after Tata Steel announced it was pulling out, and a state takeover was not the answer

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Boeing Says It Will Cut More Than 4,500 Jobs

Boeing Co will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts flight and lab tests

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Colgate Extends Restructuring Programme, To Cut More Jobs

The programme, now expected to end in December 2017, will result in the reduction of 3,300 to 3,800 positions globally.

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China Aims To Lay Off 5-6 Million State Workers

Beijing is trying to rejuvenate its flagging economy by streamlining bloated industrial sectors, starting with coal and steel, but layoffs have emerged as one of the biggest concerns

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Yahoo To Look At Strategic Alternatives, Cut Jobs As It Pursues Spin-off

The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business - essentially websites, email and online search - under growing pressure from impatient shareholders.

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Why Foodpanda Treat Leaves Workers With Bitter Taste

Many startups are struggling to keep pace with their competitors and are finding it difficult to scale their businesses and take them to the next level

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