Downsizing News

News

Comet to axe 450 jobs as repair service is reduced | Business | The Guardian
www.guardian.co.uk | Feb 11, 2012
Electrical retailer reduces staff numbers following sale of business to private investment firm OpCapita

Peacocks staff plead for chain’s survival - FT.com
www.ft.com | Feb 10, 2012
More than 9,000 staff at embattled retailer Peacocks have appealed to administrator KPMG to stop the Cardiff-based company from becoming “another recession victim” as it grapples to find a buyer for the indebted group. As they wait to discover their

RBS 'sacks employees due to regulatory probe' - bobsguide.com
www.bobsguide.com | Feb 10, 2012
The Royal Bank of Scotland (RBS) has reacted to the ongoing regulatory probe into potential interest-rate manipulation by firing at least four employees.

Donnicia Venters, Woman Fired For Lactation, Judge Says Not Sex Discrimination
www.huffingtonpost.com | Feb 10, 2012
HOUSTON -- A federal judge's ruling against a Houston mother who says she was fired after asking for a place to pump breast milk has highlighted a question left unanswered by higher courts: Is firing a woman because she wants to pump at work sexual discrimination? In his ruling, U.S. District Judge

Bottom Line - Stocks higher after Greek leaders clinch deal
bottomline.msnbc.msn.com | Feb 9, 2012
By msnbc.com news services U.S. stocks moved higher Thursday after Greek leaders clinched a long-stalled deal on reforms and data indicated the U.S.

Nokia reports 4,000 more job cuts on the way | Telecoms | AMEinfo.com
www.ameinfo.com | Feb 9, 2012
Nokia has unveiled plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia, Reuters has reported. The job cuts...

Newsvine - Credit Suisse sinks to Q4 loss as it cuts costs
www.newsvine.com | Feb 9, 2012
Credit Suisse Group posted its first fourth-quarter net loss since 2008 as Switzerland's second-biggest bank continued its drive to reduce its exposure to potentially-risky investment banking at a time when Europe's economy is facing problems related to a raging debt crisis.

Nokia to Cut 4,000 Jobs - WSJ.com
online.wsj.com | Feb 8, 2012
Nokia plans to cut about 4,000 jobs at smartphone manufacturing plants by the end of the year.

Another 4,000 production jobs axed at Nokia | VentureBeat
venturebeat.com | Feb 8, 2012
Nokia may have some hot new smartphone models coming this year, but it's financial turmoil isn't over. The Finnish phone giant said Wedneday morning that it plans to cut around 4,000 jobs. The company is reducing production at plants in Hungary, Mexico and Salo, Finland.

170 jobs are lost as Oakworth Joinery goes under (From Bradford Telegraph and Argus)
www.thetelegraphandargus.co.uk | Feb 8, 2012
Administrators have been unable to rescue a Keighley manufacturing firm which will now shut with the loss of about 170 jobs.