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Tag: jobs
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.
Telefonica to cut 1,600 jobs in Germany
2014-10-17 02:00:00| Total Telecom industry news
Telco also suggests that its network deal with Drillisch could be first of many.
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germany
cut
telefonica
Three PILOTs could create 272 jobs, $28M in investments
2014-10-16 23:24:54| Air Courier - Topix.net
The Economic Development Growth Engine for Memphis & Shelby County approved $2.2 million in tax breaks in exchange for commitments to create at least 272 jobs and capital investments of $28 million, as I reported here , here and here . The three companies that won the incentives - FedEx Supply Chain Systems, ACS Clothing Limited and Benchmark Education Co.
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jobs
investments
pilots
Heinz jobs in Australasia to go in restructuring
2014-10-16 19:29:52| Food - Topix.net
Over 240 Heinz jobs in Australia, New Zealand and Papua New Guinea are to be cut as the US food giant brings in a "streamlined" structure for its business in the markets. Heinz said the move would enable it to become "more flexible and efficient" in "extremely competitive local and global markets".
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jobs
heinz
restructuring
News, Sports, Jobs, Community Info
2014-10-16 12:49:34| Agriculture - Topix.net
A Fairmont resident has received a thank you for her contributions to the community. Char Kahler was selected to receive free fuel from Tanks of Thanks, a program that rewards people who do good deeds to help make their communities just a little bit better.
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info
community
sports
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