SEARCHED FOR:JOB CUTS
Britain's Lloyds Banking Group cuts 865 jobs
Union Unite criticised the cuts, which come alongside the creation of 226 new roles. "Unite is extremely worried about the future prospects of the 860 staff being told that they will lose their jobs during these very challenging times," said Unite national officer Rob MacGregor.
German truck maker MAN to cut up to 9,500 jobs to become profitable
MAN said it planned a partial relocation of some of the development and p...
Singapore Airlines to cut 4,300 jobs due to pandemic, most in its history
Singapore Airlines Ltd said on Thursday it would cut 4,300 position...
Volkswagen's labour chief rules out four-day week to save jobs amid Covid-19 outbreak
Germany's largest trade union IG Metall on Aug. 15 proposed negotiating for a transition to a four-day week across industry to help secure jobs, against the backdrop of economic fallout from the coronavirus crisis and structural shifts in the auto sector.
Virgin Atlantic plans 1,150 more job cuts after completing rescue deal
The airline, which is 51% owned by Richard Branson's Virgin Group and 49% by the U.S.'s Delta Air Lines Inc, has already cut more than 3,500 jobs to contend with the fallout from the pandemic, which has grounded planes and hammered demand for air travel.
Ford to cut 1,400 US salaried jobs through buyouts by year end
The layoffs will be achieved through voluntary buyouts, the U.S. automaker said in an email sent to employees. The buyouts will be offered to employees who are eligible for retirement.
American Airlines to cut 19,000 jobs in October without aid, workforce shrinking 30%
Shares in American, which had 140,000 employees before the pandemic, fell 2.7%. In a memo to employees, Chief Executive Doug Parker and President Robert Isom said the first relief bill had assumed the virus would be under control and demand recovered by Sept. 30.
Coca-Cola to cut 4,000 jobs in North America after coronavirus hits Q2 profits
As sporting events, theaters and entertainment all shut down to stop the spread of the coronavirus, the beverage maker suffered a 32 percent plunge in net income to $1.8 billion in the April-June period while sales fell 28 percent to $7.2 billion.
Coronavirus Crisis: British Airways faces strike threat over job cuts
Trade union Unite, which represents BA cabin crew, said that the airline is planning to fire and rehire thousands of its workers and that it planned to defend its members by immediately moving towards industrial action, the BBC reported.
UK retailer Debenhams confirms 2,500 jobs to be cut due to coronavirus pandemic
“We have successfully reopened 124 stores, post-lockdown, and these are currently trading ahead of management expectations," it said in a statement on Tuesday.
Swiss liftmaker Schindler to cut 2,000 jobs as coronavirus paralyzes projects
Schindler's net profit totaled 313 million Swiss francs ($338.45 million), the company said in a statement, down from 436 million a year ago.
Unemployed or looking for job during Covid-19? Here're tips to deal with a crisis-hit job market
ET Online's Shambhavi Mehrotra speaks to Rituparna Chakraborty, Co-founder and EVP, TeamLease Services, to understand how the unemployed or ...
PizzaExpress plans to shut 15% of UK outlets, cut over 1,000 jobs
Privately held restaurant group PizzaExpress said on Tuesday it could shut nearly 15% of its UK restaurants, putting 1,100 jobs at risk, as part of a restructuring deal to help reduce debt and infuse capital.
Coronavirus impact: LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring
Jobs will be cut across sales and hiring divisions of the group globally. Announcing the plan in a message posted on LinkedIn's website, Chief Executive Ryan Roslansky said the company would provide at least 10 weeks of severance pay as well as health insurance for a year for U.S. employees, and will hire for newly-created roles from laid-off staff.
Emirates airline to cut up to 9,000 jobs: Report
The Middle East's largest carrier, which operates a fleet of 270 wide-bodied aircraft, halted operations in late March as part of global shutdowns to stem the spread of the virus.