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Encana to cut workforce by further 20% on top of previous downsizing
2016-02-24 13:56:38| Oil & Gas - Topix.net
Encana Corp. says it's planning a further 20 per cent reduction in its workforce as it works to achieve up to $250 million in additional cost savings this year. The Calgary-based oil and gas producer announced the cuts with its fourth-quarter financial report, which included a $612 million net loss - mostly the result of asset writedowns and foreign-exchange fluctuation.
Encana to cut workforce by further 20% on top of previous downsizing
2016-02-24 13:56:06| Energy - Topix.net
Encana Corp. says it's planning a further 20 per cent reduction in its workforce as it works to achieve up to $250 million in additional cost savings this year. The Calgary-based oil and gas producer announced the cuts with its fourth-quarter financial report, which included a $612 million net loss - mostly the result of asset writedowns and foreign-exchange fluctuation.
Rogers Media to cut workforce 4%: 200 TV, radio, publishing and admin jobs
2016-01-25 20:01:58| Telecom - Topix.net
Rogers Media has told employees that the company's workforce will be reduced by four per cent, affecting 200 jobs in television, radio, publishing and administration. The Toronto-based company says the cuts are part of efficiency efforts at Rogers Communications , one of Canada's largest telecom companies.
Finning to cut global workforce by eight per cent, close 11 locations in Canada
2015-11-12 16:00:41| Industrial Machines - Topix.net
Finning International, the world's largest Caterpillar heavy equipment dealer, has announced it will lay off 1,100 people in several countries, representing eight per cent of its workforce. The job cuts will include 440 people in Western Canada, 550 in South America and a smaller number in Europe where the Vancouver-based company has operations in the United Kingdom and Ireland.
HTC to cut 15% of workforce, targets 35% lower costs
2015-08-13 13:31:00| Telecompaper Headlines
(Telecompaper) HTC announced plans for a major restructuring, including cutting 15 percent of its global workforce. Falling the recent sharp slide in its sales, the company said it aims to reduce operating costs by 35 percent. The restructuring includes the establishment of new business units in order to focus more on profitable growth in the key areas of premium smartphones, virtual reality, and connected lifestyle products. "We need a flexible and dynamic organization to ensure we can take advantage of all of the exciting opportunities in the connected lifestyle space," said CEO Cher Wang. "This strategic realignment of our business will ensure that each product group has the right focus, the right resources and the right expertise to win new markets."