Tag Archive
Japan’s Toshiba plans to cut costs
The recession hit economy of the country has taken its toll on many of the giants from all the sectors. The companies have been looking at chalking out effective cost cutting techniques and methods, including handing pink slips, cutting production, shutting units and reducing incentives of the top officers. The latest to join the... »
Nokia to slash another 490
Nokia on Tuesday announced the company’s plan to slash another 490 jobs from its global workforce. The world’s largest mobile phone maker, announced to cut as many as 170 positions in logistics, production management and production support areas. Amidst the global recession, the phone making giant was hit badly by the slump in customer... »
Nokia cuts some 400 jobs
Nokia is the latest in the queue. The world’s leading mobile phone company, Nokia, on Wednesday, has declared more than 400 job cuts. The company also announced it plans to reorganize its research and development operations in its native Finland and to shut down its Jyvaeskylae site. This follows Nokia’s last month statement which listed... »
Jan sees 9,000 job losses every day
As the financial chaos continues to jolt the world economies, from electronics to telecom to pharma sectors, almost every industry is cutting on thousands of its employees every day. Marred by the deepening recession, the first month of the year 2009 alone has seen a staggering average of 9,000 employees facing the axe everyday!... »
American Express Plans 7000 Lay-offs to Cut Costs
American Express Co announced on Thursday that it intends to undertake a host of cost-saving measures including a 10% cut in workforce in an attempt to deal with bad loans and rising funding costs. The decision of American Express to slash its workforce by 10% would mean a loss of 7000 jobs in the company’s... »
Job Losses Pile up in September
The US economy is shedding jobs at the fastest pace in the last five years in a grim indication that the country is directly heading for a recession. On Friday, the US Department of Labor released a report which put the number of jobs slashed in September at 159000, more than double the cuts made... »
