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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... »
Nike to cut about 1,750 jobs worldwide
Nike Inc., the leading shoe and apparel company, has announced its plans to lay off about 1,750 jobs worldwide. This amounts to about five percent of its global work force. The company did not specify what departments the cuts would be in. however, out of the 1750, about 500 would be laid off at... »
Google hiring after layoffs
Google Inc. has announced on Saturday that the search giant would be hiring about 360 despite the 200 pink slips that the company announced a little earlier in the week. Google is hiring about 360 people to fill out approximately as many vacancies. Google had announced a couple of days earlier that the company would... »
NYT imposes 5% temporary pay cut
Recession has hit every sector and trying to cope with one of the toughest economic slump in recent times, the New York Times Company has announced that it will be imposing a temporary 5 per cent pay cut for most employees. The company also announced that it’s slashing its head count by almost a... »
Fujitsu to cut 1,750 Philippines jobs
The economic imbalance has taken a toll on almost all the major sectors. And now it’s Japan’s Fujitsu Ltd. who has announced its plans on Wednesday to slash 1,750 jobs in the Philippines, effective from the 18th of April, owing to the recession. According to one of the company managers, Ernesto Espinosa, the company has... »
Nokia to lay off 1,700 worldwide
The world’s leading mobile phone manufacturer, Nokia Corp. announced on Tuesday that the company is about to lay off 1,700 of its employees in wake pf the global economic downturn. These fresh lay-offs come as a strategy to cut costs as the fiscal crisis around the globe has taken a severe toll on the... »
Accenture to lay off half its workforce in Manila
According to the Labour Department, the US-based outsourcing firm Accenture has announced that it would be laying off almost half its workforce in the Philippine capital, Manila. The announcemnt was made by the Department on Tuesday. The annonucment of the lay offs come amidst the global fiscal crisis. Rosalinda Baldoz, the Labour Undersecretary said that... »
Nokia plan to lay off 1,000 in new restructuring
The world’s leading mobile phone maker, Nokia on Tuesday has announced its launch of the new restructuring procedures and also with it, the plans to cut yet another 1,000 jobs worldwide through voluntary departures. The restructuring procedures and lay off come as a measure to cope up with the back bending recession in the... »
BMW to lay off 850 workers
In it attempt to adapt to the weakening consumer demands amidst recession, BMW on Monday announced its plan to reduce their head count by 850 staffers at its British factory which produces Mini. After a review of operations, the company has decided to suspend the production throughout the current week at the factory in Cowley,... »
How to Organise Your Affairs After a Lay-Off
The global financial crisis has meant huge-scale losses for companies and one way in which they would be saving costs would be to restructure their work-force. This means that many among us now stand to lose their jobs. should such a thing happen to you, instead of hitting the panic button, here is how... »
