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Dow Chemical to lay off 2,500 staffDow Chemical said it would lay off about 2,500 employees globally, or about 4 per cent of its workforce, as part of a deal to assume full control of Dow Corning, which was a joint venture with Gorilla glass maker Corning. The seed More… |
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China expects to lay off 1.8m workers in coal, steel sectorsChina said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 per cent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given. It was the f More… |
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China expects to lay off 1.8m workers in coal, steel sectorsChina said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 per cent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given. It was the f More… |
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HSBC lays off ME bankers; energy head leavesHSBC Holdings laid off several investment bankers in the Middle East earlier this month, including the head of its regional energy group, as part of a wider round of global jobs cuts, two sources said on Tuesday. Darren Davis, HSBC's h More… |
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Dubai World lays off 100 employeesState-owned investor Dubai World said on Tuesday it had reduced the number of employees in its corporate services division by 10 percent, or 100 employees. 'This decision covers 100 mid- and lower-level employees of departments that pr More… |
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Mashreq lays off 4pc of workforceDubai-based bank Mashreq said on Thursday it had laid off four per cent of its workforce in response to new economic challenges. "The affected employees were selected due to either their role being no longer viable, or as a result of More… |
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Pfizer plans to cut 2,400 jobsPfizer, the world's largest drugmaker, plans to lay off as many as 2,400 sales staff this quarter in a continuing reorganization, the Wall Street Journal said in its Friday online edition. The job cuts will involve sales representatives an More… |
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Aldar says no project delays, layoffsAldar Properties has not put any of its projects on hold as a result of the global financial crisis and has no plans to lay off staff, an executive at the Abu Dhabi developer said in remarks published on Sunday. "All projects that we start More… |
