Sunday, 17 November 2019

Tag Archives: jobs

HSBC to cut up to 10,000 jobs

LONDON: HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than 4pc of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday. The plan represents the lender’s most ambitious attempt in years to ...

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Tata Steel to shut some operations in UK, 400 jobs at stake

BENGALURU: Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs. The steelmaker proposed to close its loss-making Orb Electrical Steels site in South Wales, potentially affecting up to 380 jobs, as it was ...

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Tesco to cut 4,500 jobs in Metro restructuring

LONDON: British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. Tesco, both the biggest retailer and largest private sector employer in Britain, is restructuring operations ...

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Nissan to cut 10,000 worldwide

TOKYO: Japanese car giant Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media said Wednesday, citing company sources. The cuts come after Nissan announced in May it would trim 4,800 jobs from its global workforce of around 139,000. ...

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Huawei to set up regional headquarters in Pakistan

ISLAMABAD: Vice President of Huawei Group Mark Xueman Wednesday said his company would set up a regional headquarters in Islamabad at a cost of $55 million, which would create job opportunities for local young engineers. The leading Chinese mobile phone company would invest total $100 million in Pakistan during the ...

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Amazon plans to create 1,800 jobs in France

PARIS:  The world’s largest online retailer Amazon will create 1,800 permanent posts this year in France as part of its plan to consolidate expansion in one of its key market in the European bloc, RTL radio reported. The report said the e-commerce giant was offering 1,800 permanent contract positions “in ...

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Italy’s jobless rate drops below 10pc

MILAN: Italy’s unemployment rate dropped below the symbolic 10 percent threshold in May to 9.9 percent, provisional data from the national statistics agency showed Monday. It was the first time it the jobless rate has dipped into the single digits since February 2012, when it stood at 9.9 percent. The ...

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Siemens to cut 2,700 jobs at gas and power unit

BERLIN: Siemens plans to cut 2,700 jobs at its gas and power company, in addition to 10,400 it is already shedding in its core units, the German engineering firm said. Siemens said last month it was spinning off its gas and power business, which has acted as a drag on ...

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General Motors to invest $700mn in Ohio

WASHINGTON: President Donald Trump said US automaker General Motors will invest $700 million in Ohio and create 450 jobs, selling one of its shuttered plants to a company that will produce electric trucks. “GREAT NEWS FOR OHIO!” Trump tweeted. He said that he talked to GM chief Mary Barra who ...

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