Target to cut thousands of jobs, eyes $2 bn in cost cuts

Last Updated: Wednesday, March 4, 2015, 08:19

The cost-cutting forms a key plank of a revival plan outlined by Chief Executive Officer Brian Cornell, who is seeking to narrow the retailer`s focus to a handful of key product lines and bolstering its online business to rejuvenate sales.

Schlumberger cuts 9,000 jobs due to low oil prices

Last Updated: Friday, January 16, 2015, 05:12

Oil services company Schlumberger Thursday said it was firing 9,000 workers due to plunging oil prices that have forced petroleum companies to cut drilling budgets.

AgustaWestland warns of job cuts as India scraps deal

Last Updated: Friday, January 3, 2014, 06:44

Italian defence group Finmeccanica said on Thursday its AgustaWestland unit welcomed a decision by the Indian government to take part in an arbitration process over a $770 million helicopter deal, but warned of possible job cuts.

Qantas relegated to junk status after shock loss warning

Last Updated: Friday, December 6, 2013, 11:24

Embattled Qantas Airways Ltd was relegated to junk status by credit rating agency Standard & Poor's on Friday, a day after the Australian carrier issued a shock loss warning that sent its shares to a 16-month low.

Qantas to cut 1,000 jobs, says challenges `immense`

Last Updated: Thursday, December 5, 2013, 13:11

Australian carrier Qantas said it would axe 1,000 jobs and anticipates "immense" challenges ahead in a shock profit warning Thursday, flagging a half-year loss of up to Aus dollar 300 million (USD 271 million).

Acer shares tumble by daily limit after CEO resigns, job cuts

Last Updated: Wednesday, November 6, 2013, 09:45

Shares of Acer Inc fell by their daily limit on Wednesday after the company announced a restructuring plan with a new chief executive and a 7 percent reduction of its workforce after a worse-than-expected quarterly loss.

Gold import will remain compressed in 2013-14: Chidambaram

Last Updated: Friday, November 1, 2013, 21:37

Gold imports rose to 23.5 tonnes in October from 11.164 tonnes in September.

Jobs on the line as gold sector suffers under curbs

Last Updated: Friday, November 1, 2013, 11:24

Squeezed by government rules meant to curb a surge in gold imports, India`s bullion industry is shrinking, with banks and others opting to redeploy personnel for now but possibly facing big job cuts in coming months.

Campus placements likely to be lower next year: Survey

Last Updated: Tuesday, October 29, 2013, 21:38

With continuing economic uncertainties, head-hunters in the country are likely to hire lower number of students through campus placements next year.

Alcatel-Lucent announces 10,000 jobs cut around the world

Last Updated: Tuesday, October 8, 2013, 17:40

The company has lurched from crisis to false dawn to crisis since it was formed of a merger, and is restructuring and refocusing its activities to staunch losses.

Barclays to shut wealth management services in 130 countries

Last Updated: Thursday, September 26, 2013, 08:37

Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit.

New 48-hour strike in Greece over civil service cuts

Last Updated: Tuesday, September 24, 2013, 16:45

Greek civil servants on Tuesday launched a 48-hour strike, their second work stoppage in as many weeks to protest job cuts the government is undertaking in return for international bailout funds.