Now playing Next Biztech news UK chipmaker Arm to axe up to 15% of staff after Nvidia deal collapse The UK chipmaker is set to cut hundreds of jobs after its $40bn (€36 billion) sale to US chipmaker Nvidia was called off last month. 15/03/2022
Now playing Next Finland Nokia to cut 10,000 jobs to ramp up on 5G aspirations The 10 per cent reduction in its workforce aims to reduce costs by €600 million by 2023. The company did not specify in which countries job cuts would be carried out. 16/03/2021
Now playing Next United Kingdom Virgin Atlantic flies in face of downturn with €1.3bn rescue deal It involves £170m (€186m) of new investment and both Virgin Group and other creditors deferring millions of euros of money owed. 14/07/2020
Now playing Next United Kingdom UK retailers Boots and John Lewis announce up to 5,300 job cuts Boots will close 48 opticians and cut 4,000 jobs while John Lewis will close eight stores affecting 1,300 jobs due to fallout from the coronavirus pandemic. 09/07/2020
Now playing Next France Air France cuts 7,500 jobs and sparks criticism of €7bn state bailout France's flagship airline has announced it will be cutting 7,500 jobs due to the coronavirus crisis. 03/07/2020
Now playing Next world news Bentley and Bombardier announce thousands of job cuts Both cited the coronavirus crisis as a factor and it comes hot on the heels of other grim news regarding the economy. 05/06/2020
Now playing Next world news Ryanair to cut up to 3,000 jobs and close bases in Europe Michael O'Leary, Chief Executive Officer of Ryanair, said he regretted the cuts and singled out "manifestly unfair" rules put in place by the French government on airport taxes. 01/05/2020
Now playing Next World Brexit: May responds to Labour, parliament debate and job losses In today's Brexit Brief, British Prime Minister Theresa May responds to the Labour party, MPs gear up for a Brexit debate on Thursday and Germany experiences job losses. 11/02/2019
