layoffs

Google to cut 4,000 jobs at Motorola Mobility


August 14th, 2012 - 3:00 am ICT by BNO News
MOUNTAIN VIEW, CALIFORNIA (BNO NEWS) -- Internet giant Google, Inc. on Monday said it plans to cut approximately 4,000 jobs at telecommunications company Motorola Mobility, which it acquired last year, according to ... Read more...

Posted in Technology Industry News |

4.5 mn jobs at risk in eurozone in four years: UN


July 12th, 2012 - 1:10 pm ICT by IANS
New York, July 12 (IANS/AKI) The 17-nation eurozone faces a further loss of 4.5 million jobs, prolonged recession and social unrest over the next four years, the UN has warned ... Read more...

Posted in Business |

U.S. unemployment rate drops to 8.1 percent, lowest in 3 years


May 5th, 2012 - 4:07 am ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) -- The unemployment rate in the United States fell to 8.1 percent in the month of April, reaching its lowest level in three years, the U.S. Labor Department ... Read more...

Posted in Business |

Amid tough times, Citibank to cut 4500 jobs


December 7th, 2011 - 11:03 am ICT by IANS
Washington, Dec 7 (IANS) US banking giant Citigroup, led by Indian-American Chief Executive Vikram Pandit, is set to lay off about 4,500 employees over the next few months to ... Read more...

Posted in Business |

US private sector added 110,000 jobs in October


November 3rd, 2011 - 11:22 am ICT by IANS
New York, Nov 3 (IANS/EFE) Private employers in the US created 110,000 jobs last month, payroll processing firm Automatic Data Processing Inc. said Wednesday."October's job growth came exclusively from the ... Read more...

Posted in Business |

Obama presses jobs plan passage to bridge income gap


October 30th, 2011 - 12:24 am ICT by IANS
Washington, Oct 29 (IANS) US President Barack Obama Saturday urged Congress to pass the administration's stalled jobs plan to speed up US economic growth and reduce the widening income ... Read more...

Posted in Politics |

White House takes new moves to spur private hiring


October 29th, 2011 - 1:00 am ICT by IANS
Washington, Oct 28 (IANS) The Obama administration Friday announced new executive branch efforts to help job creation in the nation's private sector.US President Barack Obama Friday told federal government ... Read more...

Posted in World |

US jobless claims up


October 7th, 2011 - 3:50 am ICT by IANS
Washington, Oct 7 (IANS) The number of people in the US applying for unemployment aid rose slightly last week after falling below the threshold of 400,000 a week earlier, Xinhua ... Read more...

Posted in Business |

Bank of America to eliminate 30,000 jobs


September 13th, 2011 - 11:51 am ICT by IANS
New York, Sep 13 (IANS/EFE) Bank of America Corp., the largest US financial institution by assets, announced Monday a restructuring plan that calls for $5 billion in annual cost reductions ... Read more...

Posted in Business |

Bank of America to cut 30,000 jobs


September 13th, 2011 - 2:42 am ICT by IANS
Washington, Sep 13 (IANS) Bank of America said Monday that it will cut about 30,000 jobs over the next few years to slash costs, Xinhua reported.The job reduction is part ... Read more...

Posted in Business |

BlackBerry cuts 2,000 jobs


July 25th, 2011 - 10:13 pm ICT by IANS
Toronto, July 25 (IANS) In a massive layoff, BlackBerry maker Research In Motion (RIM) Monday announced it was axing 2,000 employees.The unprecedented decision comes a month after the top Canadian ... Read more...

Posted in Sci-Tech |

Layoffs to cost Spanish firm $3.8 bn


July 16th, 2011 - 11:32 am ICT by IANS
Madrid, July 16 (IANS/EFE) A plan to lay off 6,500 employees in 2011-13 will cost Telefonica SA 2.7 billion euros ($3.8 billion) in severance pay, the Spanish telecommunications giant said ... Read more...

Posted in Business |

Disney Studios to cut five percent jobs


June 8th, 2011 - 9:00 am ICT by IANS
New York, June 8 (IANS) Walt Disney Studios plans to cut up to 250 jobs, which comprise five percent of its worldwide workforce, a media report said.The cuts would take ... Read more...

Posted in Entertainment |

Rat problem in NYC is hampering tourism


April 7th, 2011 - 8:17 pm ICT by Aishwarya Bhatt
New York City, April 7 (THAINDIAN NEWS) Pest control officials in New York City have warned that cutting funds to the program would only harm the city’s tourism. Officials are demanding that ... Read more...

Posted in World |

US stocks rise on falling unemployment rate


April 2nd, 2011 - 9:10 am ICT by IANS
New York, April 2 (IANS) US stocks moved up Friday amid reports that the country's unemployment rate fell to a two-year low in March.The Dow Jones industrial average advanced 56.99 ... Read more...

Posted in Uncategorized |

Strauss hopeful of positive result


March 5th, 2011 - 9:11 pm ICT by IANS
Chennai, March 5 (IANS) It was hardly a surprise that England skipper Andrew Strauss fielded more questions on his team's weaknesses than strengths, but he asserted that his players prefer ... Read more...

Posted in Sports |

US unemployment rate falls to nine percent


February 5th, 2011 - 12:59 pm ICT by IANS
Washington, Feb 5 (IANS/EFE) The US unemployment rate dropped to nine percent last month, the Labour Department said in a report that surprised most analysts expecting joblessness to remain at or above ... Read more...

Posted in Business |

Brazil created record 2.52 mn new jobs in 2010


January 20th, 2011 - 10:59 am ICT by IANS
Rio de Janeiro, Jan 20 (IANS/EFE) Brazil created a record 2.52 million new jobs last year, the most since the statistics were first registered in 1992, the labour ministry has said.The number ... Read more...

Posted in Business |

MySpace cut staff in half


January 12th, 2011 - 8:46 pm ICT by Aishwarya Bhatt
New York, Jan 12 (THAINDIAN NEWS) News Corp has confirmed that it will indeed be cutting half of the workforce at MySpace.The announcement was made on Tuesday in a statement. The company ... Read more...

Posted in Technology Industry News |

LAUSD Workers Resent Layoffs And Relocations


December 3rd, 2010 - 12:32 am ICT by GD
By Ranjan Bhaduri Dec 2, (THAINDIAN NEWS) The LAUSD workers are agitating against the relocation and layoff that they are being subjected to. The district workers resorted to protest and demanded that the ... Read more...

Posted in World News |

Hispanic and Asian buying power in US ‘will increase in next few years’


November 6th, 2010 - 3:35 pm ICT by ANI
Washington, Nov 6 (ANI): A new study has indicated that despite the recession, Hispanic and Asian buying power is expected to surge in U.S. in the next few years."Despite the recession, the ... Read more...

Posted in World |

Wives turn breadwinners following lay-offs


September 14th, 2010 - 5:26 pm ICT by IANS
Washington, Sep 14 (IANS) During the recent recession in the US, many industries suffered significant layoffs, compelling wives to turn breadwinners. Lead Carsey Institute researchers Marybeth Mattingly and Kristin Smith explain: "With ... Read more...

Posted in Business |

Cuba to lay off 5,00,000 state employees


September 14th, 2010 - 5:13 pm ICT by ANI
London, Sep 14 (ANI): The Cuba Government has announced plans to make at least half a million state workers redundant and reduce restrictions on private enterprise in the most dramatic step yet ... Read more...

Posted in World |

Wives have become the ‘new breadwinners’, courtesy recession


September 14th, 2010 - 12:14 pm ICT by ANI
Washington, Sep 14 (ANI): With so many men losing theirs jobs thanks to the recession, housewives have become the new breadwinners in America, according to a new research.During the recent recession in ... Read more...

Posted in Life Style |

August Records 0.1 Percent Rise In Unemployment Despite Private Sector Job Gain


September 6th, 2010 - 6:48 pm ICT by GD
By Madhuri Dey Sep 6, (THAINDIAN NEWS) The Labor Department is out with its monthly data on the employment scenario of United States. While the Democratic Government maintains that there has been a ... Read more...

Posted in Business |

Fiat workers strike in Italy over bonuses


July 13th, 2010 - 6:48 am ICT by IANS
Turin (Italy), July 13 (IANS/AKI) Hundreds of workers at Italian car giant Fiat's plant in the northern city of Turin walked of the job fearing the company may withhold thier bonuses for ... Read more...

Posted in Business |

Wells Fargo To Cut Around 3800 Jobs


July 8th, 2010 - 7:44 pm ICT by GD
By Ranjan Bhaduri July 8, (THAINDIAN NEWS) The 4th largest bank of the USA(in terms of assets) Wells Fargo & Co has declared that it is going to cut off as many as ... Read more...

Posted in Business |

Recession being dubbed ‘Mancession’ as it hits men more than women


July 7th, 2010 - 12:57 pm ICT by ANI
New York, July 7 (ANI): The global recession has hit men harder than women, so much so that some have even dubbed it the 'Mancession', according to statistics.Figures have revealed that women ... Read more...

Posted in Life Style |

President Obama reacts to passage of the American Jobs and Closing Loopholes Act


May 29th, 2010 - 5:36 am ICT by BNO News
WASHINGTON D.C. (BNO NEWS) – President Barack Obama expressed his remarks on the House passage of the American Jobs and Closing Loopholes Act which will bring a needed relief to families and ... Read more...

Posted in Politics |

Restructuring puts remaining workers at risk too


May 12th, 2010 - 1:50 pm ICT by ANI
Washington, May 12 (ANI): At the time of restructuring, even workers who escape layoffs, end up being at risk, a new study by a University of Illinois labor expert found.John Dencker, a ... Read more...

Posted in Business |

Good News As Private Sector Jobs In America On The Rise


May 6th, 2010 - 8:39 pm ICT by Pen Men At Work
May 6, 2010 (Pen Men at Work): The recent pecuniary recession in the global market delivered a stinging whack to all the financial systems. It especially impinged on the private sector in ... Read more...

Posted in Business |

Italy’s economy to grow by 0.5 percent


April 22nd, 2010 - 9:47 am ICT by IANS
Rome, April 22 (IANS/AKI) Italy's economy is expected to grow 0.5 percent this year, down from the previous forecast of 0.7 percent, ratings agency Standard & Poor's has said. The predicted growth would ... Read more...

Posted in Business |

IBM Layoff Alarm Sounded By Allianz


March 2nd, 2010 - 8:56 pm ICT by GD
By Ranjan Bhaduri New York, Mar 2, (THAINDIAN NEWS) The recession is over and according to the economic experts the economy is also showing signs of recovery. However, the shadow of layoff still ... Read more...

Posted in Business |

ABC News to layoff 25 percent editorial staff


February 24th, 2010 - 10:08 am ICT by IANS
Washington, Feb 24 (IANS) US broadcasting giant ABC News will downsize its editorial team and layoff up to 350 staff members, media reports said. In a "fundamental transformation", ABC News announced Tuesday ... Read more...

Posted in Business |

Lufthansa pilots launch four-day strike


February 22nd, 2010 - 8:57 am ICT by IANS
Frankfurt, Feb 22 (DPA) Pilots went on strike Monday at Lufthansa, knocking out 3,200 flights according to the company's skeleton timetable. The four-day work stoppage will be the biggest stoppage labour disruption in ... Read more...

Posted in Business |

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