Tag: job cuts
Structural reform measures include testing stores with reduced hours.
Earlier cuts announced in August after CEO's abrupt resignation.
Figures underscore weakness of continent’s financial industry.
The measures are intended to generate annual savings of about 500 million kronor from 2022.
Brazilian automaker CAOA and Ford have been negotiating the purchase, part of Ford's global restructuring plan, since late February.
Britain’s biggest retailer says it will streamline operations at its 153 medium-size Metro stores in city centres while reducing opening hours at 134 Express convenience stores.
The New York-based bank plans to slash jobs across its fixed-income and stock-trading operations over the course of 2019.
Uber can’t keep up with its growth and has to downsize a section of the company.
The dismal results are overshadowing Nissan’s other big headache, the arrest in November of former Chairman Carlos Ghosn on alleged financial crimes.
Ford announced in June it would slash 12,000 jobs across Europe.
The cuts include the 4,800 already announced in May, and will mostly be at factories overseas with low utilisation rates.
The factory, which opened in 2008 to produce wood shelves and storage units for the US and Canadian markets, will close in December.
Some of the workers have already been notified of the dismissals and additional cuts could be announced soon.
The bank will also scrap its global equities business and scale back its investment bank.
The news business is on pace for its worst job losses since 2009.
The sweeping restructuring is likely to hit Deutsche Bank’s investment banking division the hardest, particularly its US operations.
Siemens is set to cut 2,700 jobs worldwide at its gas and power unit, including 1,400 in Germany.
The announcement represents a fresh blow for the province of Ontario after the axing of more than 2,500 jobs announced for the end of 2019 at the General Motors plant.
The concerns of all the stakeholders will be taken into consideration, assures the finance minister.
The job cuts will be part of a savings drive aimed at slashing costs by 5.9 billion euros per year by 2023.
CEO Flint says cutting jobs is not necessary at the moment as HSBC can defer some planned investments.
The automaker more than halved the division that delivers its electric vehicles to North American customers.
Ford employs around 53,000 people at its wholly-owned facilities in Europe.
Morgan Stanley has speculated that Ford may pare more than 20,000 jobs from its global workforce of 202,000.
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