The textile and apparel exports of Botswana, a landlocked country located in Southern Africa, may continue to decline due to the withdrawal of tax incentives by the US and the EU under the Financial Assistance Policy (FAP) as the country is ...
Tags: Botswana, Textile, Tax Incentives
HP's shares rose after the world's largest PC maker's quarterly results beat analysts' low expectations, as CEO Meg Whitman's restructuring programme begins to take shape. The Palo Alto, California-based firm's profits for the second ...
Tags: HP, Computer Products, Shares
Luxury plug-in hybrid car company Fisker Automotive is facing a US lawsuit after laying off 160 workers at the end of last week. Industry journal Automotive News reports that a federal lawsuit has been filed against Fisker, accusing the ...
Tags: Fisker Automotive, car, auto
Specialty metal and chemical product producer 5N Plus Inc of Montreal, Quebec, Canada has decided to close its indium antimonide (InSb) manufacturing operations in Trail, British Columbia over the next few months, laying off the 75 staff ...
Tags: 5N Plus, metal and chemical product, InSb manufacturing operations
Workers at Dead Sea Works Ltd have stepped up their campaign against the proposed sale of Israel Chemicals to Potash Corp of Saskatchewan, union officials said on Friday. Dead Sea Works committee chairman Armond Lankry said on state ...
Tags: Dead Sea, Israel Chemicals, chemicals
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
IDG News Service - Sony Mobile is laying off 1,000 employees and will also move its global HQ to Tokyo, as the company tries to turn around its dwindling fortunes in the smartphone space. The reorganization comes about six months after ...
Tags: Sony Mobile, Sony, smartphone, Sony portfolio
The All Pakistan Textile Mills Association (Aptma) has warned that textile industries would begin laying off workers in Punjab province, which employs about 10 million people, if the Government fails to restore power supply by December 28. ...
Tags: Textile Mills, Textile, textile industries, textile market
A fortnight after closure of its one million tonne alumina refinery at Lanjigarh on December 5, Vedanta Aluminium Ltd said it will inform the Odisha labour department in two days on its plan to lay off employees. Mr Mukesh Kumar chief ...
Tags: alumina refinery, Vedanta Aluminium Ltd, lay off employee
Once a high-flying web property, Digg was sold Thursday for a paltry $500,000. The sale to Betaworks, maker of an iOS news aggregator app and an URL clipper, Bit.ly, was a fraction of the $45 million lavished on the venture by Silicon ...
Tags: web property, Digg, iOS, aggregator app, URL clipper
One month does not make a trend, but IT employment dipped last month after a long stretch of gains. Analysts can only speculate as to the reasons for the decline. It may be an indication of market volatility, a short pause in hiring, or ...
Tags: IT, employment, September
The multi national mining company Rio Tinto has long promised that its proposed new copper mine near the small town of Superior, Ariz., would provide 4,000 jobs and economic salvation for a local population that has struggled to find work ...
Advanced Micro Devices(AMD)is denying reports that executives have taken steps that could lead to the company's sale. Speculation began to spread Tuesday afternoon after Reuters reported that AMD has hired JPMorgan Chase&Co to explore ...
Tags: AMD, executives, world's largest chip makers, sale options
PV Book-to-bill ratio of just 0.33 measured in second quarter of 2012,with SEMI seeing no near-term recovery. Heading south:the global PV equipment market The market for photovoltaics manufacturing equipment continued to decline in ...
Tags: Semiconductor, PV Equipment, Low
Lexmark International has exited the inkjet printer business and is laying off 1,700 people as part of a restructuring plan to improve profitability. Lexmark's restructuring will result in job cuts mainly tied to the inkjet ...
Tags: Layoff, Lexmark, inkjet printer