-
Nokia Siemens to cut 17000 jobs 24 November 2011
On Wednesday Finnish-German telecom equipment maker Nokia Siemens Networks announced a restructuring plan entailing 17,000 job cuts world-wide by the end of 2013. Nokia Siemens Networks, which on November 1 counted 74,000 employees, "plans to reduce its global workforce by approximately...
Keywords: mobile broadband and services, mobile broadband and services, mobile broadband and services, Jobs
Read MoreCitigroup to shed 4,500 jobs to trim costs, makeover losses 04 January 2012
Citigroup is drawing up plans to eliminate about 4,500 jobs, or 1.5 percent of its global work force of 267,000. This impediment is certain as the US financial major seeks to trim costs in a bleak global economic environment. The...
Keywords: Job Cuts, Job Cuts, Job Cuts, Global Crisis
Read MoreKingfisher plans massive cost-cutting exercise, job cuts, and longer working schedules 05 January 2012
Cost– cutting has been the mantra, to reduce debt burden, adhered across the globe. In a latest bid the private airliner which had a severe financial crunch in the recent past is trying to work out a major a cost-cutting...
Keywords: Debt trap, Kingfisher airlines, Debt trap, Debt ridden
Read More