Fighting economic downturn in Europe, TATAs are working to lower costs at its Jaguar Land Rover and steel operations there including a possible sale of any piece of business but the outgoing group chairman Mr Ratan Tata said that "Will try ...
Tags: economic downturn, lower costs, steel operations, slab making activity
Research in Motion (RIM) posted huge losses for its first quarter, admitting the outlook for the rest of the year was just as bleak. In an earnings call to investors last night, the BlackBerry manufacturer confirmed revenues had fallen by ...
Tags: RIM, huge losses, first quarter
The Tribune reported that last ninety four employees of Energex Tube were let go last week as the company permanently cut the jobs as shut down two of the Dain Ave plant's mills. JMC Steel Group, Energex Tube’s parent US company, ...
Tags: Energex Tube, Steel Group, Steel
The latest Manpower Employment Outlook Survey results show hiring sentiment for the start of 2013 will remain cautious, with Australian employers reporting a Net Employment Outlook of +8%, unchanged quarter-over-quarter and six ...
Tags: Outlook Survey, hiring sentiment, remain cautious, slowdown
RIO Tinto has warned it may cut more jobs from its aluminium and coal businesses as it seeks to rein in unsustainable cost increases. In an investor update, the mining giant also says it expects growth in China's steel demand to peak ...
Tags: aluminium business, Rio Tinto, global mining operation
Reuters reported that Italy faces a deep crisis as its biggest steel plants struggle for survival, putting it in the forefront of a permanent decline in western Europe’s steel sector and increasing cost pressures on many of the ...
Tags: Steel, steel plants, steel sector
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
Renesas has announced an early retirement programme for 7,511 employees. The company says it will"have little impact on on the Renesas Group's business operations including sales and production." Renesas has revenues of$10bn and 42,700 ...
WELSH Secretary David Jones has been challenged to join the fight to defend the Welsh steel industry in the wake of the devastating job losses in Port Talbot. Aberavon MP Hywel Francis said the Welsh Office should follow the lead of the ...
Tags: steel industry, TATA Steel, Hywel Francis
Britain's food industry was rocked by two announcements over the past month.Premier Foods broke the news that it was to close bakeries in Birmingham and Greenford,west London and restructure its distribution operations with the loss of 900 ...
Tags: Britain's food industry, Premier Foods, Vion, meat processing
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
Italian tyre manufacturer Pirelli is planning to invest GBP9m to upgrade its Carlisle tyres manufacturing facility in Cumbria, UK. The new investment will add new machinery to improve the productivity, which is expected to secure the ...
Tags: tyre, carlisle tyres, pirelli, new machinery
NEATH Port Talbot Council has confirmed it will play its part in helping those affected by the TATA job losses. Welsh Liberal Democrat AM for South Wales West Peter Black said that "While I welcome the fact that Tata Steel and the ...
The death knell has rung for pizza manufacturer Paramount Foods,which will close its site in North Wales with the loss of a further 278 jobs. Paramount Foods is to close its site in North Wales with the loss of 279 jobs Staff will work ...
Tags: pizza, Paramount Foods, job losses, Paramount's demise
News that debt-laden giant Premier Foods plans to axe 900 jobs,close two bakeries and restructure its distribution system was greeted with fury by unions and applause by City analysts. Unite the union and the Bakers Food and Allied ...
Tags: Premier Foods, job cuts, massive debts