Young job-seekers face a tough time ahead looking for work as the recession deepens, with almost half of 500 firms in a survey saying they will not be taking on school-leavers or graduates this year.
Young job-seekers face a tough time ahead looking for work as the recession deepens, with almost half of 500 firms in a survey saying they will not be taking on school-leavers or graduates this year.
Hewlett-Packard Co said on Thursday it plans to cut 5,700 jobs in its Europe, Middle East and Africa region (EMEA) over the next two years.
by Lisa Lambert
New York state lost 189,000 private sector jobs from August 2008 to April 2009, almost half of the 400,000 jobs created in the five-year economic boom that ended last year, the state labor department said on Thursday.
Oil fell nearly 2 percent on Thursday, dragged down from six-month highs as signs of job market weakness stoked concerns about the economy.
Wall Street securities firms will emerge from the current recession in a down-sized mode, with few of the jobs cut replaced by 2013, even as the industry returns to profitability next year, a New York City fiscal monitor said in a gloomy report released on Wednesday.
U.S. stocks slid on Thursday as signs of further job market weakness and a disappointing Fed regional survey added to doubts that the economy was set for quick recovery.
Stocks slid on Thursday as signs of further jobs weakness and a disappointing Fed regional survey fueled doubts about prospects for a quick economic recovery.
U.S. stocks slid on Thursday as signs of further jobs weakness and a disappointing Fed regional survey fueled doubts about prospects for a quick economic recovery.
A White House task force charged with helping to revive the economy will focus on the creation of a comprehensive U.S. energy plan that will generate millions of clean energy jobs when its meets on Wednesday, the White House said.
American Express said Tuesday it would cut about 4,000 jobs, or 6 percent of its worldwide workforce, along with other reductions in spending, as the company said it was taking a “cautious outlook” as the economy moves toward a recovery.
The world's top cellphone maker Nokia Oyj said on Tuesday it plans to cut a further 490 jobs as part of its global cost cutting program.
American Express said Tuesday it would cut about 4,000 jobs, or 6 percent of its worldwide workforce, along with other reductions in spending, as the company said it was taking a “cautious outlook” as the economy moves toward a recovery.
American Express Co , the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.
U.S. Treasury Secretary Timothy Geithner said on Monday that borrowing costs were falling as credit markets gradually thaw, but warned a painful period lies ahead for American consumers.
The United Auto Workers union expects a crucial round of restructuring talks with General Motors Corp to intensify this coming week ahead of an end-of-May deadline set by the Obama administration.
The United Auto Workers union expects a crucial round of restructuring talks with General Motors Corp to intensify this coming week ahead of an end-of-May deadline set by the Obama administration.
Nike Inc , the world's largest maker of athletic shoes and apparel, will slash 5 percent of its 35,000-strong global workforce, or 1,750 jobs, in the largest headcount reduction in the company's history.
(Correcrts third paragrah to indicate approximately 6,800 workers are at headquarters)
Nike Inc will slash 5 percent of its 35,000-strong global workforce in a sweeping overhaul to boost competitiveness.
British telecoms carrier BT cut its dividend and announced 15,000 further job losses on Thursday after a 1.58 billion pound ($2.4 billion) writedown tipped it into a quarterly loss and its pension costs almost doubled.
