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Thomas Cook to cut 2,500 jobs in UKBritish travel firm Thomas Cook said it would cut 2,500 jobs from its UK workforce as part of its plans to restructure the business. Most of the job losses would be in back-office functions and its retail network, and would involv More… |
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Al Jaber, top creditors agree debt terms: sourcesAbu Dhabi conglomerate Al Jaber Group has agreed on terms to restructure nearly $4.5 billion in debt with its main creditors, three sources said on Tuesday, with final approval from other lenders expected to end talks which have dragged on for o More… |
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Gulf Air goes ahead with redundancy planBahrain’s national carrier Gulf Air has officially notified staff facing redundancy about its plan to proceed with the decision, effective from Wednesday, as part of the company’s restructuring scheme. It has set Wednesday a More… |
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Gulf Air goes ahead with redundancy planBahrain’s national carrier Gulf Air has officially notified staff facing redundancy about its plan to proceed with the decision, effective from Wednesday, as part of the company’s restructuring scheme. It has set Wednesday a More… |
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Gulf Air restructuring ‘on right course’Bahrain's national carrier Gulf Air, which announced a major restructuring plan in December, remains on course to deliver on its strategic goals of effective fleet and resource utilization, a report said. In a statement last n More… |
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New Gulf Air payout packages hit snagUnionists at Gulf Air say they have rejected improved redundancy packages, reportedly put on the table for staff with open-ended contracts, during talks with Labour Ministry representatives. The More… |
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Barclays to axe 3,700 jobs in overhaulBarclays is to axe at least 3,700 jobs and prune its investment bank, under a restructuring plan launched by its new chief executive which seeks to cut 1.7 billion pounds ($2.7 billion) in annual More… |
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Gulf Air unions seek higher payout on layoffsTrade unions of Bahrain’s national airline Gulf Air have launched a petition calling for additional benefits for Bahrainis made redundant as part of a restructuring plan, a report said. The airline has already launched a vol More… |
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Gulf Air announces new growth strategyBahrain's flag carrier Gulf Air on Tuesday announced an accelerated strategy and a restructuring programme for transforming it into a more dynamic and efficient national carrier through key steps including boosting of Mena operations and poi More… |
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Stalemate over Gulf Air restructure talksThe unions of Bahrain’s national carrier Gulf Air have agreed not to communicate with the airline's executive management about the restructuring of the airline, a report said. The row comes after Gulf Air Trade Union (GA More… |
