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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.

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.

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.

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...

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, ...

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...

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...

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...

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...

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.

Intel to cut staff in face of stagnant earnings

San Francisco - US chip giant Intel said Friday it will trim its workforce by five percent this year as it shifts from personal computers to powering mobile gadgets.

Video: Protesting firemen spray cops with foam in Brussels

Brussels - Firemen in Brussels, Belgium were protesting against national budget cuts in the fire department on Monday. They set fires and thoroughly foamed police officers along the way.

Wedding delayed after man cuts off his testicles

A couple's wedding ended up being delayed after a man allegedly cut his testicles off before entering the church just one hour before the ceremony was going to take place.

Spain's healthcare cuts put Spaniards' lives at risk

According to a study published in the British Medical Journal on Thursday, budget cuts and austerity measures in Spain could cause the dismantling of a large part of the Spanish health system, potentially damaging the health of the population.

Man in Cornwall UK cuts off his own penis with knife

A 43-year-old man in Cornwall, United Kingdom, stood in a residential street as he took a kitchen knife and cut off his own penis.

Thousands of Spanish teachers and students take to the streets

Hundreds of thousands of teachers and students joined protests yesterday in yet another revolt against austerity measures in Spain.

Avon cuts 400 jobs in Africa, Middle East, Ireland

Avon will be eliminating more than 400 positions and restructuring or abandoning businesses that are underperforming in Europe, the Middle East as well as Africa.

Police, firefighters protest at Town Hall in Fuengirola (video) Special

Fuengirola - The local police and firefighters in Fuengirola have had enough of all the cuts to their salaries and benefits. They protested, with much noise, in front of the Town Hall on Tuesday.

Hundreds of miners trapped in India by power outage

While 600 million people in India suffer without electricity, hundreds of miners are trapped underground. Officials are attempting a rescue operation.

Iconic French carmaker Peugeot Citroen to shed 8,000 workers

Paris - As the European economy slows, demand for autos has slumped. French auto manufacturer Peugeot Citroen is burning through cash and has announced that it intends to release 8,000 workers to cut costs.

Spanish coal miners march to Madrid in anti-austerity rally

Madrid - A group of Spanish coal miners, angered by the huge austerity cuts in government subsidies to the mining industry, walked for 3 weeks to meet in Madrid.

Marea Verde Mijas: Fighting for their childrens' education Special

Fuengirola - "Marea Verde Mijas" is a group of parents and teachers who are collaborating to spread information about the effects of recent austerity cuts in education in Spain.

61-year-old pensioner hangs himself in Athens, Greece

Athens - In the continuing crushing austerity in Greece, yet another suicide has been reported. The 61-year-old could not carry on any longer.

Millions protest in Spain over education austerity cuts

Madrid - Most educational institutions, at all levels, closed today as teachers and students took to the streets to protest austerity cuts.

UK police protest 'criminal' cuts (video)

London - It's not just the Occupy and 15m movements out on the streets lately. 34,000 police in the United Kingdom are protesting salary cuts and loss of jobs.

Video: Italy museum burns art to protest deadly cuts

Naples - In the latest drastic example of protests against austerity measures, an art museum director has promised to burn 3 pieces of art per week until the Italian government listens to him.

'Enough is Enough!' Spanish & Greeks unite in austerity rage

Both Greece and Spain are up in arms over austerity measures in both countries. Spain is also supporting Greece in their hardship.

Op-Ed: The folly of policing on the cheap

The police are wasting enormous sums of money by using uniformed officers for “backroom” jobs, we are now being told. As usual, the story is not that simple.

Op-Ed: Is there an alternative to raising student fees?

As government cuts threaten the future of higher education, a simple solution is to move to online-based learning wherever possible.

Nearly 200 anarchists still being held following London violence

London - Police in London made over 200 arrests on Saturday night into Sunday morning as a large group of masked antagonists broke away from the largely peaceful, TUC-organised march in London on Saturday and vandalised property belonging to corporate businesses.
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File photo: Anarchists dressed in black in London with intentions to demonstrate by proactive means
File photo: Anarchists dressed in black in London with intentions to demonstrate by proactive means
Permission Adam Waugh
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15m protesters in Málaga  Spain against cuts to the social health system
15m protesters in Málaga, Spain against cuts to the social health system
Alfredo P. Chomón
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Hedgerow alongside local park was twelve feet high. During January 2011 the council chipped it back ...
Hedgerow alongside local park was twelve feet high. During January 2011 the council chipped it back to just three feet high
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15m protesters in Málaga  Spain against cuts to the social health system
15m protesters in Málaga, Spain against cuts to the social health system
Carlos Matesanz
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Bushes here were trimmed back in Jan 2011. They were previously six feet high
Bushes here were trimmed back in Jan 2011. They were previously six feet high
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National police officers protest in Madrid  Spain  October 27  2012
National police officers protest in Madrid, Spain, October 27, 2012
Video screen capture
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Untitled
zFacts.com
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The playground can now be seen clearly from the road
The playground can now be seen clearly from the road
image:83555:0::0
15m protesters in Málaga  Spain against cuts to the social health system
15m protesters in Málaga, Spain against cuts to the social health system
Carlos Matesanz
image:111886:1::0
15m protesters in Málaga  Spain against cuts to the social health system
15m protesters in Málaga, Spain against cuts to the social health system
Carlos Matesanz
image:111885:1::0

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