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Cuts News

Intel, Bank America deal Costa Rica double blow

San Jos - Two big US firms -- Bank of America and microchip giant Intel -- announced closures in Costa Rica leading to nearly 3,000 layoffs, dealing a double blow to the Central American country's economy.
In the Media by Marco Sibaja (AFP)

Bank of America shuts down in Costa Rica, lays off 1,400

San Jos - Bank of America announced Tuesday it was shutting down its operations in Costa Rica, where it employed 1,400 people in a technological unit.
In the Media by AFP

Intel lays off of 1,500 employees in Costa Rica

San Jos - US microchip giant Intel announced Tuesday it was reducing its assembly and testing operations in Costa Rica and will lay off 1,500 employees.
In the Media by AFP

Honda to cut UK jobs on weak European car demand

London - Honda will axe 340 jobs by cutting shifts at its factory in western England in response to weak European demand for its cars, the Japanese automaker said on Tuesday.The firm will cut the production rate at its factory in Swindon from three shifts to tw...
In the Media by AFP

Britain's Royal Mail says to cut 1,600 jobs

London - Britain's main postal operator Royal Mail on Tuesday said it planned to axe 1,600 jobs under a fresh cost-cutting drive six months after the group was partly privatised.Royal Mail said in a statement that most of the jobs to go would be in management, ...
In the Media by AFP

Disney video game arm slashes workforce

San Francisco - Walt Disney Company on Thursday confirmed that it is cutting about a quarter of the workers at its money-losing video game division.Disney Interactive will trim 700 employees in what the US entertainment titan described as a "global action" aimed at co...
In the Media by AFP

Radio Shack to shutter 1,100 stores

New York - US consumer electronics retailer RadioShack said Tuesday it would close up to 1,100 stores, one fifth of its total, in an effort to turn the struggling chain around.Chief executive Joseph Magnacca said the move was necessary after tough competition and...
In the Media by AFP

Radio Shack to shutter 1,100 stores

New York - US electronics retailer Radio Shack said Tuesday it would close up to 1,100 stores, one fifth of its total, in an effort to turn the struggling chain around.Chief Executive Joseph Magnacca said the move was necessary after tough competition and lower t...
In the Media by AFP

Daimler says to pursue cost cuts beyond 2 billion euros initial goal

Germany's luxury auto maker Daimler <DAIGn.DE> will pursue deeper cost cuts than an initially targeted 2 billion euro in savings by 2014 as a way to raise profits at its Mercedes car division, Chief Executive Dieter Zet...
In the Media by Reuters

Jobs cuts at Time Inc. ahead of spinoff

New York - Magazine publisher Time Inc. is cutting staff and consolidating operations ahead of a spinoff as an independent company, according to an internal memo.
In the Media by AFP
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15m protesters in Málaga  Spain against cuts to the social health system
Alfredo P. Chomón
15m protesters in Málaga, Spain against cuts to the social health system
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Cuts Blogs

The Coalition government and the cuts: An Introduction

In the UK the coalition government has embarked on a massive drive to reduce spending and implement budget cuts to...
Feb 10, 2011 by Kev Hedges - 1 comment

Local council cuts target the hedges

The local council, like all councils across England and Wales, have been told told to make cuts in what they spend....
Feb 5, 2011 by Kev Hedges - 3 comments
 

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