BREAKING NEWS

Redundancies

Business

Barclays to cut jobs - reports

Over 35,000 jobs are set to go at Barclays Bank. That’s according to the Times newspaper which reports the redundancy programme could lead to the

Over 35,000 jobs are set to go at Barclays Bank. That’s according to the Times newspaper which reports the redundancy programme could lead to the

Business

Ericsson slashes 2,200 jobs in Sweden

The Swedish telecom equipment outfit Ericsson has announced it’s cutting 2,200 jobs in Sweden. The redundancies, mainly in research and

The Swedish telecom equipment outfit Ericsson has announced it’s cutting 2,200 jobs in Sweden. The redundancies, mainly in research and

Business

Total cuts investment and employees to counter weaker oil prices

France’s Total is the latest energy firm to say it is cutting investment and the number of people working for it because of weak oil prices. The

France’s Total is the latest energy firm to say it is cutting investment and the number of people working for it because of weak oil prices. The

Business

More job cuts at Peugeot as carmaker warns French workforce

French carmaker Peugeot is to cut jobs in its home market via early retirements, buyouts and internal transfers. Unions have been told 3450 jobs must

French carmaker Peugeot is to cut jobs in its home market via early retirements, buyouts and internal transfers. Unions have been told 3450 jobs must

Business

Siemens set to cut as many as 11,600 positions

German conglomerate Siemens has revealed it is looking at getting rid of up to 11,600 positions in its restructuring plan. Chief executive Joe

German conglomerate Siemens has revealed it is looking at getting rid of up to 11,600 positions in its restructuring plan. Chief executive Joe

Business

France focuses on jobs in Alstom takeover battle

Alstom workers worried about their jobs protested at its Paris headquarters and other plants in France on Tuesday. As they did, it emerged that it

Alstom workers worried about their jobs protested at its Paris headquarters and other plants in France on Tuesday. As they did, it emerged that it

Business

Sony and Volvo to cut more jobs

Big names in the electronics and transport world are making major job cuts. Sony is reducing its payroll by 5,000 – just over three percent of

Big names in the electronics and transport world are making major job cuts. Sony is reducing its payroll by 5,000 – just over three percent of

News

Belgian steelworker suicide blames Lakshmi Mittal for job loss

A Belgian steelworker has committed suicide following the loss of his job at a steel plant in the town of Liege. The 45-year-old father and husband

A Belgian steelworker has committed suicide following the loss of his job at a steel plant in the town of Liege. The 45-year-old father and husband

Business

Siemens boss sacked after profit warnings

Who is going to get the top job at Siemens? That is the question after the announcement that Chief Executive Peter Loescher is to leave the company

Who is going to get the top job at Siemens? That is the question after the announcement that Chief Executive Peter Loescher is to leave the company

Business

Air France-KLM goes for further cost cuts

Air France-KLM has unveiled major new cost-cutting measures. The airline said they would come in in the Autumn and would include voluntary

Air France-KLM has unveiled major new cost-cutting measures. The airline said they would come in in the Autumn and would include voluntary

Business

Compromise over job cuts may end Iberia strikes

Spanish airline Iberia and its unions seem to be close to an agreement on mass job cuts. The idea did not find favour with some employees, who

Spanish airline Iberia and its unions seem to be close to an agreement on mass job cuts. The idea did not find favour with some employees, who

News

Spain: protests against Bankia cutback plans

There have been protests in cities across Spain by bank workers, angry at plans by the country’s second biggest savings bank to slash jobs and

There have been protests in cities across Spain by bank workers, angry at plans by the country’s second biggest savings bank to slash jobs and

Business

Chill winds hit Vestas 3,000 jobs to go

Danish turbine maker Vestas is to axe 3,000 jobs after poor orders battered third-quarter profits. The sector has been fighting overcapacity

Danish turbine maker Vestas is to axe 3,000 jobs after poor orders battered third-quarter profits. The sector has been fighting overcapacity

Business

European carmakers apply the brakes

The carnage continues among carmaker with Ford saying on Thursday that would cut its production capacity in Europe by 18 percent; that is 355,000

The carnage continues among carmaker with Ford saying on Thursday that would cut its production capacity in Europe by 18 percent; that is 355,000

Business

RWE earnings recovery lags peer E.ON

German energy firm RWE did not do as well as its main rival E.ON in terms of profit growth in the first half of the year. Announcing its results

German energy firm RWE did not do as well as its main rival E.ON in terms of profit growth in the first half of the year. Announcing its results

Business

Google slashes Motorola jobs seeking profit

Motorola Mobility is to cut 20 percent of its workforce – 4,000 people – and shut nearly a third of its offices worldwide. That word came from the

Motorola Mobility is to cut 20 percent of its workforce – 4,000 people – and shut nearly a third of its offices worldwide. That word came from the

News

More woes for Peugeot Citroen

Europe’s second biggest car maker has posted losses of 819 million euros for the first half of the year – almost four times as much as experts had

Europe’s second biggest car maker has posted losses of 819 million euros for the first half of the year – almost four times as much as experts had

Business

Job cut report drives up Peugot Citroën's stock

PSA Peugot Citroën’s shares gained on a report that it is to cut more jobs than originally planned this year in France, up to 10,000. With European

PSA Peugot Citroën’s shares gained on a report that it is to cut more jobs than originally planned this year in France, up to 10,000. With European

News

Italy in throes of labour reform

Italy is at a potentially groundbreaking stage of reform, as the government of Prime Minister Mario Monti grapples with very controversial changes to

Italy is at a potentially groundbreaking stage of reform, as the government of Prime Minister Mario Monti grapples with very controversial changes to

News

Sony 'plans to cut 10,000 jobs worldwide'

Sony is to cut 10,000 jobs worldwide, Japanese newspaper The Nikkei reported on Monday. The report did not specify how many of the cuts would be

Sony is to cut 10,000 jobs worldwide, Japanese newspaper The Nikkei reported on Monday. The report did not specify how many of the cuts would be

Business

Novartis cuts more jobs on drug setback

In its latest round of job cuts, Novartis is to axe nearly 2,000 of its US workforce, mostly from the sales division. The Swiss drugmaker is

In its latest round of job cuts, Novartis is to axe nearly 2,000 of its US workforce, mostly from the sales division. The Swiss drugmaker is