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Air NZ plans to cut 180 jobs at Auckland engineering base, citing move to modern aircraft
2013-08-23 07:45:31| Airlines - Topix.net
Air New Zealand, the government-controlled national carrier, plans to cut 180 jobs at its Auckland Technical Operations engineering base, citing a move to more modern aircraft which require less maintenance.
Cisco to cut 4,000 jobs as sales growth slows
2013-08-15 08:30:00| Telecompaper Headlines
(Telecompaper) Cisco's fourth-quarter revenues increased 6.2 percent year-over-year to USD 12.4 billion. Switching revenue rose 5 percent to USD 3.80 billion, and IP routing was flat at USD 2.09 billion. Cisco said its book-to-bill ratio for the quarter was "comfortable above 1", with orders up 4 percent from a year earlier. This includes 5 percent growth in the Americas and 6 percent higher orders in EMEA, while in Asia, orders fell 3 percent. Cisco CEO John Chambers said in a conference call that the market was not improving fast enough and the company would have to reduce costs. "What we see is slow steady improvement, but not at the pace we want," he said. As a result, the group plans to cut 4,000 jobs or around 5 percent of its workforce, the Wall Street Journal reported from the call. This will result in pretax charges of up to USD 550 million. For the current quarter, Cisco forecast revenue growth to slow to 3-5 percent. Net profit for the three months to 27 July was USD 2.3 billion or USD 0.42 per share, up 18.4 percent from USD 1.9 billion or USD 0.36 per share a year earlier. Cash flow from operations increased to USD 4.0 billion from USD 3.1 billion, and the company finished the period with USD 50.6 billion in cash.
New Heinz owners cut 600 jobs -- including 350 in Pittsburgh
2013-08-13 19:18:30| Chemicals - Topix.net
An animated neon Heinz Ketchup bottle that was once on the company's North Side factory in Pittsburgh, now sits atop the Senator John Heinz History Center in Pittsburgh.
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New Heinz owners cut 600 jobs -- including 350 in Pittsburgh
2013-08-13 18:50:40| Food - Topix.net
An animated neon Heinz Ketchup bottle that was once on the company's North Side factory in Pittsburgh, now sits atop the Senator John Heinz History Center in Pittsburgh.
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Entergy to cut 800 jobs; 165 in Arkansas
2013-07-30 20:32:47| Energy - Topix.net
NEW ORLEANS - Entergy Corp. says it plans to cut 800 jobs - nearly one-third of them in Louisiana, where the bulk of its employees live.
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