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Diageo Plans to Cut Jobs at London Headquarters

Sep 27, 2016

Drinks giant Diageo is reportedly planning to slash around 400 jobs at its London office in order to boost profits and reduce expenditures. The move from the company is seen to be a part of a three-year initiative designed to save ...

Tags: Diageo, cut jobs, headquarters

Heinz Announced Job Cuts at Its Kitt Green Site in Wigan, UK

Mar 25, 2015

American food processing company Heinz has announced job cuts at its Kitt Green site in Wigan, UK, as part of a restructuring process. According to the company, almost 71 roles will be axed at its baked beans factory where some of the ...

Tags: Heinz, Production line, Food

Peugeot Is Planning to Cut Around 20% of Its Workforce From Warwickshire Facilities

Nov 19, 2014

Peugeot Citroen is planning to cut around 20% of its workforce from Warwickshire facilities which include workers from its Pinley House and Tile Hill facilities in UK. The company cited that it is restructuring operation and planning to ...

Tags: workforce, Auto

U.S. Employers Added a Scant 74,000 Jobs in December

Jan 10, 2014

U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note and could raise questions about the economy's recent strength. The Labor Department says the unemployment ...

Tags: Service, Economy

Faced with Slumping Sales, Solta Medical May Be Looking for a Suitor.

Nov 22, 2013

Faced with slumping sales, Solta Medical (Hayward, CA) may be looking for a suitor. The aesthetic medical device manufacturer may cut jobs or put itself up for sale in an effort to improve its finances. Solta focuses on devices for skin ...

Tags: Solta Medical, slumping sales, suitor

Dow Chemical Co. Said Its Third-Quarter Profit Rose 17%

Oct 28, 2013

Dow Chemical Co. said its third-quarter profit rose 17% as the chemical company's performance plastics segment helped drive higher revenue and prices. However, shares of the company declined as results fell below analyst expectations. ...

Tags: Dow Chemical, Chemicals

BMC Software Has Finally Completed The Deal That Will Take Into Private Ownership

Sep 12, 2013

Systems management software vendor BMC Software has finally completed the deal that will take into private ownership. The $6.4bn deal will see BMC fall into the hands of private equity companies Bain Capital and Golden Gate Capital. ...

Tags: Computer Products, software

Australian Share Market Nudged But Fell Away to End Only Slightly Higher

Jul 18, 2013

The Australian share market has again nudged above the 5,000 point mark but fell away in afternoon trade to end only slightly higher. Financial and energy stocks were the best performers, with other sectors mixed. Energy giant Woodside ...

Tags: Stocks, Edge Higher

Aviva Reduces Its Offices From 30 to 17 Over The Next Two Years and Cut About 80 Jobs

Jul 12, 2013

Aviva, a UK-based insurance group, is planning to reduce its offices from 30 to 17 over the next two years and cut about 80 jobs. The company made the decision, on the basis of feedback from its brokers, to expand its Broker Onsite ...

Tags: insurance, Aviva

Domestic Economic and Political Uncertainty Has Clearly Impacted Business Confidence

Jun 22, 2013

Concerns about the global economy and political unrest in Canberra are cruelling appetite for takeovers, with some of the nation's top dealmakers tipping companies to remain on the sidelines until economic clouds clear. In a sign of the ...

Tags: Mergers, Bankers

US Social Game Developer Zynga Will Cut 520 Jobs Globally Before This August

Jun 7, 2013

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 ...

Tags: Zynga, cut job

The Denim Manufacturers of The US Are Planning to Relocate Production Base to Mexico

May 13, 2013

The denim manufacturers of the US are planning to relocate production base to Mexico since the European Union has tripled the import tariffs on ‘Made in US’ women’s denim trousers. Last Month, European Commission ...

Tags: Denim Maker, Apparel

Sharemarket Has Closed 0.7 Per Cent Lower

May 3, 2013

The sharemarket has closed 0.7 per cent lower, with concerns about global economic growth pulling down resources stocks. The benchmark S&P/ASX200 index was down 36.2 points, or 0.7 per cent, at 5130.0 points. The broader All Ordinaries ...

Tags: Resources Stocks, economy

Shares Were Punished as Investors Worried About Resources Stocks Being Hit

May 3, 2013

Shares were punished yesterday as investors worried about resources stocks being hit by global economic concerns, and the dollar was also sharply lower on the increased likelihood of an imminent cut in the official cash rate. The ...

Tags: Aussie Dollar, economy

Spain's Grupo Alfonso Gallardo Plans to Cut Jobs

Apr 23, 2013

Spanish steelmaker Grupo Alfonso Gallardo has announced its intention to launch a workforce reduction program within the scope of its efforts to trim output levels in line with slack local demand for long steel products. In detail, the ...

Tags: Metallurgy, Mineral, Energy

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