Last Updated: Monday, June 1, 2015, 13:57
Mueller, in an email to staff last month, had warned that a major overhaul was necessary as the airline was weighed down by "uncompetitive cost levels" that he said were 20 percent higher than its rivals.
Last Updated: Friday, May 29, 2015, 10:26
About $2 billion of that is to come from cost-cutting in retail banking, with the bank planning to close 300 of its 5,570 branches by the end of 2016.
Last Updated: Sunday, May 24, 2015, 09:33
The Canadian company, based in Waterloo, Ontario, said the cuts will impact those working on the software, hardware and applications side of the business.
Last Updated: Tuesday, May 5, 2015, 10:23
The euro bought $1.1141 in late-morning Singapore trade from $1.1146 in New York late Monday, while the dollar climbed to 120.15 yen from 120.14 yen.
Last Updated: Sunday, February 15, 2015, 21:55
Even as the furore over layoffs in the IT sector is yet to die down, Infosys has said re-skilling talent is the answer to rapidly changing technologies in the software landscape.
Last Updated: Wednesday, January 14, 2015, 21:58
Beleaguered budget carrier SpiceJet may consider retrenching a section of its around 5000 employees ahead of the proposed fund infusion by the potential investors in the company.
Last Updated: Tuesday, January 13, 2015, 21:16
Country's largest software services firm Tata Consultancy Services (TCS) has asked 2,574 employees to leave in the first nine months of this fiscal, while the total layoffs in the full year may exceed 3,000.
Last Updated: Thursday, January 30, 2014, 21:25
New claims, which indicate the pace of layoffs, rose to 348,000 in the week to January 25, up 19,000 from the previous week`s revised figure of 329,000.
Last Updated: Thursday, September 19, 2013, 17:57
Pink slipped? Geetanjali Pandit gives you coping strategies to emerge stronger, wiser, better.
Last Updated: Sunday, June 17, 2012, 17:11
The cuts have been announced by companies from various sectors, during the first six months of 2012, and those from the technology services space are the worst hit.
Last Updated: Saturday, March 31, 2012, 19:57
The layoffs of thousands of employees in Yahoo Inc will begin next week as the company prepares a restructuring plan, according to a media report.
Last Updated: Friday, July 31, 2009, 00:03
Retrenchment of employees is the least likely cost-cutting tool for Indian companies, compared to their global peers, and they would be the first across the world to recommence regular salary revisions.
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