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Sprint to cut 2,000 jobs in bid to save $1.5bn
2014-11-04 01:00:00| Total Telecom industry news
U.S. operator cuts full-year earnings outlook due to falling service revenue.
Stockmann to cut jobs as it reveals Q2 loss
2014-10-30 12:55:00| Daily apparel & textile news and comment - from just-style.com
Finnish department store retailer Stockmann Group is to cut around 380 jobs at its Seppala fashion chain, as it looks to ramp up efforts to improve group profitability.
Nestlé Waters to cut 60 jobs at Vittel-Contrexville site
2014-10-21 16:56:00| Daily beverage news and comment - from just-drinks.com
Nestlé's Waters unit is planning to axe 60 jobs at its production plant complex at Vittel-Contrexville, in eastern France.
Telefonica Deutschland to cut 1,600 jobs untill 2018
2014-10-17 13:15:00| Telecompaper Headlines
(Telecompaper) Telefonica Deutschland has unveiled the key parameters for the integration of E-Plus, including 1,600 job cuts until 2018 on a total of 9.100 employees. The job cuts are part of the streamlining process to create a springboard for the digital transformation of the business model and create synergies of more than EUR 5 billion. Most of the job cuts are due to duplicate functions that need to be abolished. . In this process, Telefonica Deutschland intends to implement a severance pay scheme for employees leaving the company and strives to avoid compulsory redundancies wherever possible. The supervisory board and the workers council have been informed about the planned measures, which are subject to approval by the supervisory board. The company will now continue negotiations with the workers council. The two sides agreed to conduct these negotiations in a spirit of partnership.
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AMD to cut 710 jobs as headwinds push Q3 revenues down 2%
2014-10-17 10:04:00| Telecompaper Headlines
(Telecompaper) AMD said revenues in the third quarter fell 2 percent from the year before to USD 1.43 billion, with the gross margin coming at 35 percent. The net profit sank to USD 17 million or 0.02 per share, from 48 million and 0.06 per share the year earlier, but up from the loss of 36 million reported in the second quarter. The company said it will cut 7 percent of its workforce (710 jobs) as part of a reorganization plan, with impairment costs going to USD 57 million in the fourth quarter and a restructuring charge of USD 13 million for the first quarter. The plan will result in operational savings of around 9 million in Q34 and USD 85 million next year. For the fourth quarter, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially. New CEO Lisa Su said results for the company's Enterprise, Embedded and Semi-Custom segment were strong but that performance at Computing and Graphics segment was mixed based on challenging market conditions. She said these conditions were pushing the company and that AMD's top priority is to deliver leadership technologies and products as it continues to transform.
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