TOKYO (AFP) – Japan’s Nissan Motor Co. said Friday it was axing 3,500 jobs worldwide and cut its full-year forecasts by two-thirds as the global economic crisis shakes the auto industry. More…
The decision to house and service the new high speed rail link trains at more than one Kent location secures 160 jobs, Southeastern says. More…
American Express, a big credit card lender, said Thursday that it would cut 10 percent of its work force, or about 7,000 jobs, as the company braced for an economic slowdown. More…
American Express says it will cut 7,000 jobs, or about 10% of its work force, as part of an effort to slash costs by $1.8 billion in 2009. More…
NEW YORK — In a stark acknowledgment of the tough times ahead in the credit card industry, American Express Co. said Thursday that it plans to cut 7,000 jobs, or about 10 percent of its worldwide work force, in an effort to slash costs by $1.8 billion in 2009. More…
Legg Mason said Thursday that it would cut about one-third of the jobs at Legg Mason Capital Management, the first layoffs at its investment unit run by the fund manager Bill Miller, after its assets fell by 53 percent this year. More…
The company cites the continued troubles of its cellphone division in reporting the third-quarter loss. Motorola posts big loss, plans to cut 3,000 jobs More…
Japan’s Nissan Motor Co. said Friday it was axing 3,500 jobs worldwide and cut its full-year forecasts by two-thirds as the global economic crisis shakes the auto industry. More…
Motorola Inc. posted a hefty loss in the third quarter Thursday, citing the continued troubles of its cellphone division. The company will postpone the planned spinoff of the unit, and cut more jobs. More…
SINGAPORE, Oct 31 (Reuters) – Employment growth in Singapore slowed in the third quarter, with the jobs market expected to deteriorate further as the global financial crisis takes its toll on an economy in already in recession. More…
