je.st
news
Tag: job cuts
Dresser-Rand plans major job cuts
2015-02-27 23:59:01| Industrial Machines - Topix.net
Houston-based Dresser-Rand Group Inc. will cut 8 percent of its global workforce, or almost 650 jobs, as the energy sector continues to struggle. Dresser-Rand, which is being acquired by German industrial giant Siemens AG for $7.6 billion, will begin its workforce reduction plan within the next several weeks.
Sony plans more job cuts as smartphone sales shrink
2015-02-04 08:57:00| Telecompaper Headlines
(Telecompaper) Sony announced plans to cut another 2,100 jobs at its mobile phone business by March 2016, in order to return the activities to profit. In the past year, the company already reduced headcount by 15 percent at the mobile division. The additional restructuring is expected to cost JPY 30 billion and lead to JPY 90 billion in cost savings by the fiscal year ending March 2017. For the current year to 31 March, Sony forecast an operating loss of JPY 215 billion on sales of JPY 1.32 trillion for the mobile division. The downgrade from its previousl outlook reflects lower smartphoe unit sales, mainly in Asia, and foreign exchange effects. It will also take a JPY 176 billion impairment charge on the activities. In the coming years, sales are expected to shrink to JPY 900 billion to JPY 1.1 trillion in the year to March 2018 and the operatign margin improve to a positive 3-5 percent. In the latest quarter to 31 December, Sony reported sales up 28.7 percent to JPY 429.0 billion, and operating profit improved to JPY 9.3 billion from JPY 6.3 billion a year ago. The results were helped by exchange rate effects as well as an increase in smartphone sales to 11.9 million units from 10.7 million in the year-earlier period. For the full year to March, Sony downgraded its forecast for unit sales to 39.2 million, flat compared to the previous year, from an estimate of 41.0 million in October.
ConocoPhillips weighs more job cuts, freezes pay
2015-01-31 15:12:03| Oil & Gas - Topix.net
Houston-based ConocoPhillips is freezing salaries and considering cutting jobs in the U.S. as the energy giant reduces its 2015 capital spending by more than 30 percent .
Gap cuts design chief job as sales slowdown continues
2015-01-30 02:10:25| Apparel - Topix.net
Gap Inc said on Thursday it has eliminated the role of creative director Rebekka Bay, the latest in a slew of changes in strategy as the apparel retailer attempts to revive sagging sales. Last week, the company announced plans to shut down its Piperlime brand, which sold designer shoes and clothing, by the end of April.
Job cuts likely at Air France-KLM despite cheap oil: analysts
2015-01-21 06:45:55| Airlines - Topix.net
Cheap fuel prices are doping the finances of airlines, but analysts say European giant Air France-KLM may still be forced to make further job cuts to cope with stiff competition and a sluggish economy. Despite the company's assertions that no decisions have been taken, the leaders of Europe's second -argest airline have for months seemed to be preparing the ground for the inevitability it will have to shed further staff.
Sites : [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24] [25] [26] [27] [28] [29] [30] [31] next »