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Alitalia to cut $1bn in costs; mass layoffs likelyItalian flagship carrier Alitalia has vowed to cut costs by €1 billion ($1.07 billion) over the next three years in a bid to return to profitability by 2019, as Italy’s flagship airline embarks on yet another high-stakes restructuring More… |
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Abu Dhabi lays off staff as Gulf austerity tightensThousands of layoffs at state-linked companies in Abu Dhabi, UAE are a fresh sign the Gulf's wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies. Since mid-2015, th More… |
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US job openings hit eight-month highUS job openings increased in March to the highest level in eight months and layoffs continued to decline, indicating the labour market remains fairly robust despite April's slowdown in employment gains. The firmer labour marke More… |
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Workers burn Saudi Binladin buses over reported layoffsProtests over unpaid salaries and reported retrenchment of more than 50,000 foreign workers at leading construction group Saudi Binladin took an ugly turn on Saturday when the disgruntled workers burnt company buses in Makkah, said a repor More… |
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Boeing plans layoffs for airplane engineersBoeing Co said on Friday that it is considering layoffs of airplane engineers, a plan that it said may cause it to reorganize or consolidate its engineering teams, according to an internal memo seen by Reuters. Boeing said in a me More… |
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100,000 industry layoffs over oil price slumpLayoffs in the oil and gas industry are nearing 100,000 worldwide since oil price started declining late last summer, a report said. Oilfield service companies Schlumberger, Baker Hughes, and Halliburton announced layoffs of aroun More… |
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100,000 industry layoffs over oil price slumpLayoffs in the oil and gas industry are nearing 100,000 worldwide since oil price started declining late last summer, a report said. Oilfield service companies Schlumberger, Baker Hughes, and Halliburton announced layoffs of aroun More… |
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Blackberry could lay off up to 40pc of staffBlackBerry is preparing to make deep cuts to its workforce by the end of the year that could lead to slashing the company's headcount by up to 40 per cent, the Wall Street Journal said on Wednesday, citing people familiar with the matter. More… |
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Yahoo to cut 2,000 staff, more may comeYahoo is about to lay off as many as 2,000 staffers - about 15 per cent of its work force - as part of a major restructuring, according to AllThingsD's Kara Swisher. Swisher has been beating the drum on these Yahoo layoffs for some ti More… |
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Citi begins London investment bank layoffsCitigroup began a round of layoffs among its London-based investment bankers this week, with jobs in advisory, equities and fixed income set to go as the bank readies 4,500 redundancies worldwide. There are likely to be "several hundred" j More… |
