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Cenovus Energy looking to cut jobs, slashing dividend by 40 per cent
2015-07-30 16:24:04| Energy - Topix.net
Cenovus Energy Inc. says it's looking to cut between 300 to 400 jobs in the second half of this year, and is chopping its quarterly dividend by 40 per cent. The energy company says it will now pay a quarterly dividend of 16 cents per share, down from its earlier rate of 26.62 cents.
Royal Dutch Shell to cut 6,500 jobs
2015-07-30 08:50:07| BBC News | Business | UK Edition
Oil giant Royal Dutch Shell says it is to shed 6,500 jobs as part of cost cutting plans.
Nippon Steel to cut July-Sept crude steel output 6 pct
2015-07-29 12:49:39| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp, Japan's top steelmaker, plans to cut crude steel output in the July-September quarter by 690,000 tonnes or 6 percent from a year earlier as it struggles to bring down inventories. The drop to 10.9 million tonnes is in line with the 6.1 percent fall forecast by the industry ministry in Japan's total crude steel output for the period, which would take it to the lowest level for the quarter in six years.
Chevron to layoff 1,500 employees to cut costs
2015-07-29 01:00:00| Offshore Technology
Chevron has announced plans to cut 1,500 jobs, around 2% of its global workforce, in an effort to make savings of $1bn.
Tags: costs
cut
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AGCO Q2 profit cut by weakened demand
2015-07-28 17:03:18| Industrial Machines - Topix.net
AGCO Corp.'s second-quarter profit dropped following weakened demand for its products and $46.4 million in restructuring charges related to global job cuts. The Duluth, Ga.-based agricultural equipment maker reported sales in the period fell 24.8 percent to $2.1 billion, hurt in part by unfavorable currency translation.
Tags: cut
demand
profit
weakened
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