“The (Chinese) LED industry is in deep waters, and only a few manufacturers will survive in the next few years,” said several industry insiders during recent interviews with LEDinside’s editorial team in China. With the ...
Tags: LED industry, Chinese LED market
Pump manufacturer Concentric AB will lay off 34 staff as part of its plan to restructure its new manufacturing unit in Chivilcoy, Argentina, in the wake of drooping demand in commercial vehicle market in South America. The entire one-off ...
Tags: Pump, commercial vehicle
Technology companies are cutting jobs at a faster pace this year compared to last despite signs that the overall economy is doing well, according to a report by Challenger, Gray & Christmas Inc. The global outplacement consulting firm ...
Tags: Tech Job, Electrical, Electronics
Poultry suppliers to 2 Sisters Food Group’s Coupar Angus plant – slated for closure with the loss of 200 jobs – had received conflicting investment messages, according to the Scottish government. Speaking after meeting ...
2 Sisters’ plan to axe 200 jobs at its Coupar Angus chicken processing plant in Perth and Kinross would be “absolutely devastating”, warns the Unite union. News of 2 Sisters' 200 job cuts was received with disbelief and ...
Tags: 2 Sisters, job, cut, plan, devastating
HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
Home insurance and repairs group HomeServe is planning to eliminate about 300 positions across the group's operations in Bambury, Preston and Walsall in the UK, as it expects its customer numbers to decline over the next two years. The ...
Tags: HomeServe, Home insurance, insurance
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 ...
VMware said Monday it will cut 900 jobs in a move to focus more on high potential businesses, as profits remained strong but growth slowed. The company said the job cuts, revealed as part of its earnings release for last year, will come ...
Tags: VMware, high potential businesses, job cut
IDG News Service - A U.S. Federal Communications Commission cap on rural telephone subsidies will cost jobs in rural areas and lead to higher prices for customers in those areas, a group of rural carriers said. The FCC's cap on payments ...
Tags: Federal Communications Commission, telecom, rural, US
Dutch dairy giant FrieslandCampina is to cut over 200 jobs across its business in Germany. The move is being made in a bid to "improve competitiveness", the firm said today (10 December). The programme will involve the modernisation of ...
Tags: Friesland Campina, job cut, businuss, food industry
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 ...
Google is to cut Motorola Mobility's global workforce by about 4,000,or 20 per cent,and will look to close about a third of its 94 worldwide offices. A Motorola spokesperson confirmed the job cuts in a statement and stated that the ...
Tags: Google, job cut, Motorola Mobility, acquired the mobile phone company