Sunday, 25 August 2019

Tag Archives: jobs

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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Unemployment rises in Spain after Christmas

MADRID: Spain’s unemployment rose 2.61 percent in January from a month earlier, or 83,464 people, as employers cut temporary jobs for the Christmas season, official data showed Monday. READ MORE: Trump says US to build ‘human wall’ on Mexico border if necessary The end of the Christmas and New Year ...

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Vodafone says to cut up to 1,200 jobs in Spain

MADRID: Vodafone said it planned to cut up to 1,200 jobs in Spain as it streamlines its organisation to cope with a drop in revenue and profits in a fiercely competitive telecommunications market. In a statement, the group said it would kick off consultations with worker representatives at the end ...

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