Italian car maker Fiat is planning to invest approximately EUR1bn for the production of Maserati SUV at its Turin Mirafiori factory in Italy by the end of 2014. Fiat will layoff 5,300 workers to optimize the plant for the SUV. The ...
Tags: SUV Production, FIAT
Dorel continued to feel the sting of weather on sales of bicycles globally during the second quarter, officials told investors during an earnings call Friday morning. “There’s no doubt the second quarter was a bad quarter ...
Tags: Bike Business
There are two ways analysts report hiring trends in the tech: Some focus on the half-empty, others on the half-full. For the half-empty view, there is this new report from Challenger, Gray & Christmas Inc., which claims that layoffs in ...
Tags: Computer Products, IT economy, telecommunications industries
Hewlett-Packard on Tuesday said it has begun to integrate its hardware and management systems with Google Apps. The announcement was part of CEO Meg Whitman's nearly hour-long presentation at the company's big user conference here. She ...
US social game developer Zynga Inc. (NASDAQ: ZNGA) will cut 520 jobs globally before this August. It said on June 4 that it would lay off about 520 staff globally before August this year and the staff accounted for about 18 percent of the ...
US search giant Google Inc. (NASDAQ: GOOG) is expected to sell the brand Motorola Mobility and the buyer was likely to be a Chinese one. Google acquired Motorola Mobility for USD 12.5 billion in August 2011 and of the consideration, USD ...
The recent hike in minimum wages may lead to layoffs in Bolivian textile and apparel sector, El Conglomerado Textil Boliviano (COTEXBO or Bolivian Textile Conglomerate), has said. The textile sector in Bolivia, a land-locked country ...
Tags: Wage Hike, Textile Sector
Salesforce.com, a pillow manufacturer and an employee of the pillow maker are caught up in a complex three-way legal battle, with a $125,000 American Express bill and an allegedly failed software implementation at the center of the dispute. ...
Tags: Salesforce, Pillow Maker, Computer Products
REI increased sales by 7.4 percent to $1.93 billion in 2012 but saw net income drop 3.9 percent to $29 milliondue to tighter margins, according to the company’s year-end earnings statement. Gross profit rose 5.2 percent to $803 ...
Tags: REI, Income, company news
Diversified insurance conglomerate Liberty Mutual Insurance is planning to reduce nearly 425 positions in Ireland, due to demand from extra employees for voluntary redundancy. A Liberty spokesman was quoted by Irish Times as saying that ...
Following last year's job cuts worldwide, recently, in the mail, mobile Motorola announced that the company will lay off 1,200 people,acounting for 10% of the total number of employees. The job cuts will involve employees in the United ...
Tags: Motorola, job cuts, company news
Finnish manufacturer of meat foods and products HKScan is set to lay off 123 workers at its operations in the country as part of its restructuring plan. Of all the jobs, 49 jobs will be eliminated through permanent layoffs while the ...
Tags: meat foods, HKScan, workers
Hewlett-Packard (HP) CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target. HP last May announced plans to reduce its workforce by ...
Tags: HP, halfway point, layoff target
Hewlett-Packard CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target. HP last May announced plans to reduce its workforce by some ...
Tags: Hewlett-Packard, Meg Whitman, layoff target
National news sources reported Wednesday that on Friday, Gerdau plans to lay off about 31 steel workers from its St. Paul, Minnesota steel mill that is currently undergoing a $50 million renovation. A company spokesman was quoted as saying ...
Tags: steel mill, steel workers, steel industry