Latest savings programme is aimed to compete with rivals Siemens is intending to focus on reducing production costs and plans further job cuts in a bid to compete with its rivals under company's latest savings programme. The firm had ...
US distributor United Natural Foods (UNFI) has booked an increase in earnings for fiscal 2012. In the 12 months ended 28 July, net profit amounted to US$91.3m compared to $76.7m a year earlier, the company reported today (11 September). ...
Tags: United Natural Foods, earning rise, food market, food industry
Engineering, electronics and high-tech giant Siemens AG of Munich, Germany has announced its intention to spin-off 80.5% of its subsidiary Osram (the world's second biggest lighting manufacturer, whose subsidiary Osram Opto Semiconductors ...
Tags: Siemens, Osram, approval, transaction, massive reshuffle
The job cuts amount to about 5% of TI's nearly 35,000 employees worldwide US based semiconductor firm Texas Instruments (TI) is planning to cut about 1,700 jobs globally to reduce costs as part of its plans to shift focus from ...
Tags: semiconductor, Texas Instruments, smartphones, slash jobs
Taipei,Oct.5,2012(CENS)--According to the administration of the Central Taiwan Science Park,ProMOS Technologies Inc.and Huga Optotech Inc.have filed applications for large-scale job cuts at their factories in the industrial park. DRAM ...
Siemens has announced its intention to spin-off 80.5% of its subsidiary Osram. The plan requires approval of at least three-quarters of voters at Siemens’ Annual Shareholders' Meeting on 23 January. If approved, the transaction ...
Tags: Europe Osram, Siemens, LED assembly plant, transaction
UK seafood firm Young's Seafood is to close its Cromer Crab Co. facility in Norfolk, resulting in around 109 job losses. The cuts follow an eight-month consultation at the Cromer Crab Co, which included a review of its shellfish ...
Tags: Cromer crab, seafood, review of shellfish, Young's Seafood
Anglo American Platinum said the results of its business review, which is widely expected to lead to shaft closures and job cuts would be published early in the New Year. Amplats, a unit of global mining giant Anglo American lost at least ...
Tags: Anglo American Platinum, business review, job cuts, mines
French vehicle manufacturer Renault is planning to manufacture over 70% of its Clio subcompacts in Turkey. The French government holds 15% of Renault, and the company's decision to shift production to lower-wage countries will cut down ...
Tags: vehicle manufacturer, Renault, Clio subcompacts, shift production
Citigroup is cutting 11,000 jobs,many in IT,as part of a restructuring announced Wednesday. The job cuts are part of a plan to save about$900 million through a variety of actions,including"increasing standardization and the use of ...
Tags: Citigroup, job cuts, IT, automated processes
Siemens AG (SIE) announced plans to eliminate an additional 4,700 jobs at its Osram lighting unit after it injected 699 million euros ($908 million) in capital at the subsidiary it is preparing to spin off next year The job cuts, ...
Tags: Siemens, cut job, light, Osram lighting, LED
French carmaker PSA Peugeot Citroen is planning to shut down its Aulnay automobile manufacturing facility and reduce 6.7% of jobs in the country by 2014 to pare its operational losses. As part of the plan, the automaker, will stop ...
Tags: PSA Peugeot Citroen, automobile manufacturing facility, car production
French carmaker PSA Peugeot Citroen is planning to shut down its Aulnay automobile manufacturing facility and reduce 6.7% of jobs in the country by 2014 to pare its operational losses. As part of the plan, the automaker, will stop ...
In the middle of November companies within the sawmilling industry in Sweden made further announcements of their intention to reduce employee numbers. With reference to the difficult sales conditions on the international softwood lumber ...
foxbusiness.com said that Sueddeutsche Zeitung on Saturday citing company sources reported that ThyssenKrupp AG (TKA.XE) is putting together a program to allow it to save about EUR 2 billion in costs over the next three years, daily ...
Tags: Cost Saving, job cuts