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Wednesday, October 23, 2019

Tag: job losses

Nissan’s pain worsens on 99% profit plunge, 12,500 job cuts

The dismal results are overshadowing Nissan’s other big headache, the arrest in November of former Chairman Carlos Ghosn on alleged financial crimes.

Journalism job cuts haven’t been this bad since the recession

The news business is on pace for its worst job losses since 2009.

Study: Robots to take 20 million jobs by 2030, worsening inequality

A new study expects robots to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output.

China government advisers worry about AI taking over jobs

The China Association for Promoting Democracy says AI will cause a “significant drop” in the demand for low-skilled workers and challenges employees in many sectors.

Maternity perks May cost 1.8 million Indian women their jobs

If this estimate is computed across all the sectors, the job loss number would be an estimated 10-12 million across all sectors, according to the survey by the staffing and human resources company.

Creditors of UK’s House of Fraser back plan to close stores...

The 169-year-old retailer needed the CVA to go through to secure new capital from Chinese retailer C.banner.