Saturday 4 July 2015
 
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job cuts

MAN eyes 2,000 job cuts in VW-led trucks revamp

Germany's MAN could cut as many as 2,000 jobs at its main trucks division as the Volkswagen-owned company slims operations under a wider reorganisation of production, company and union sources said. Management and union offici

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MAN eyes 2,000 job cuts in VW-led trucks revamp

Germany's MAN could cut as many as 2,000 jobs at its main trucks division as the Volkswagen-owned company slims operations under a wider reorganisation of production, company and union sources said. Management and union offici

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HSBC overhaul, up to 50,000 job cuts

HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief executive Stuart Gulli

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Siemens eyes deal over jobs cuts this summer

German industrial group Siemens aims to strike an agreement over job cuts with workers' representatives this summer, the company's head of personnel, Janina Kugel, was quoted as saying by Handelsblatt newspaper. "The

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ABN Amro plans to cut 1,000 jobs

ABN Amro will cut up to 1,000 jobs by 2018 as customers increasingly manage their finances online, part of an overhaul that has helped boost profits and paves the way for the Dutch bank to return to private ownership. Chief execut

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Etihad chief aims to seal Alitalia deal this month

The chief executive of Etihad Airways said a deal to acquire nearly half of Alitalia could be wrapped up this month but warned that cuts would be needed to make the loss-making carrier profitable, prompting opposition from Italy's largest un

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Alitalia 'needs a few weeks to close Etihad deal'

Alitalia needs a few weeks to seal a deal with Etihad which could see the Abu Dhabi airline invest 560 million euros ($762 million) in its struggling Italian peer in return for hefty job cuts, Alitalia chief executive Gabriele del Torchio said.

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Etihad open to Alitalia talks, but ‘firm on demands’

Etihad Airways, the national airline of the UAE, has signalled that it is ready to continue talks on a potential investment in Italy's troubled Alitalia but it refuses to budge on tough conditions on debt restructuring and job cuts, a source

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JPMorgan Chase to cut 5,000 jobs

US banking giant JPMorgan Chase said it would eliminate 5,000 jobs from its global workforce this year. JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presen

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RBS announces massive job cuts

Royal Bank of Scotland is to shrink its investment banking and international operations as part of a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources said yesterday. The part-nationalised bank

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