US news agency AP to cut staff by 10%
The US news agency the Associated Press plans to reduce its staff by 10 percent by some point in 2009, mostly through attrition, AP president and chief executive Tom Curley said Thursday. |
ONGC rains perks to counter attrition
ONGC plans to retain employees, company offered bouquet of perks and facilities to 30,000-odd employees. Trends in job mkt | Time management |
Downturn seen hurting executive pay in 2009 too
Plunging financial markets may finally compel boards to do what governance critics never could: get tough on lavish executive pay. |
BAE Systems to cut 200 jobs
British defence manufacturer BAE Systems said it was cutting immediately 200 jobs at its land systems business. |
France slashes auto jobs as crisis hits manufacturing
France's flagship car manufacturer PSA Peugeot Citroen slashed 3,550 jobs as the global economic crisis cut a swathe through the world's auto sector. |
AstraZeneca to axe 1,400 jobs in Europe, shuts three plants
Anglo-Swedish pharmaceuticals giant AstraZeneca said that it would slash 1,400 jobs by 2013 as it shuts factories in Belgium, Spain and Sweden. |
Governments scramble to protect jobs as losses mount
Govts scrambled to cushion the impact of the finance crisis with France launching a sovereign wealth fund and China unveiling a jobs protection plan as the car industry made huge new cuts. |
France's Peugeot Citroen to slash 3,550 jobs
French carmaker PSA Peugeot Citroen announced plans to slash 3,550 jobs as the automobile sector struggles with the global economic crisis. |
Rolls-Royce to slash jobs, blames project delays
Rolls-Royce will shed between 1,500 and 2,000 jobs worldwide next year and is already in talks to cut 140 posts in Britain where there has been a string of job losses in recent weeks. |
