Danish wind turbine maker Vestas will cut 2,335 jobs in a bid to restore profitability after rising costs wiped out its 2011 earnings.
Brussels-based supermarket group Delhaize, which owns the U.S. grocery chain Food Lion, announced Thursday it will lay off 5,000 employees in the United States and Europe. It also will close several locations by March.
Daimler Trucks will hire 1,200 new workers by September in North Carolina to add a second shift at its largest Freightliner vehicle manufacturing plant and boost staff at a nearby components plant.
Royal Bank of Scotland abandoned ambitions to be a top global investment bank and said it would cut another 4,450 jobs as it bows to pressure from the UK government to shut down risky operations and prepare for tougher international regulations.
Royal Bank of Scotland is to axe 3,500 investment bank jobs and sell or shut equities and advisory business under a 3-year plan to further reduce risk and focus more on domestic retail and corporate banking.
Belgian supermarket group Delhaize plans to cut 5,000 jobs after fourth-quarter sales fell just short of expectations in its key United States and Belgium markets, due to the weak consumer sentiment and price competition.
Supermarket operator Delhaize America said it will close 113 underperforming Food Lion stores mainly in markets in which the company has the least store density and will cut 4,900 jobs to focus on markets with high density.
Agricultural processor Archer Daniels Midland Co said on Wednesday it will reduce its workforce by 3 percent, making it the latest agribusiness giant to make cuts in the face of volatile global markets.
Microsoft Corp. (MSFT) is planning to shakeup its marketing unit as the company grows increasingly unhappy with the results, a move that could lead to hundreds of job cuts.
President Barack Obama plans to introduce a series of incentives to bring outsourced jobs back to America and increase domestic investment.
Apple's co-founder and former CEO, the charismatic Steve Jobs used to get $1 as annual salary while he was in office, but his successor seems to have have hit a jackpot altogether. From March 2012, Apple's current CEO Tim Cook is to get hold of a vesting of stock valued at nearly $100 million, according to a study reported by the Wall Street Journal. Out of this, $83 million worth of grant (at today's stock price) will be vested from March 24.
The German and French leaders met on Monday to discuss how to boost growth in euro zone states struggling to tackle the sovereign debt crisis and rising unemployment, and to finalize a deal on closer budgetary ties within the currency union.
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
Non-profit company One Laptop Per Child will debut its XO 3.0 tablet at the International Consumer Electronics Show (CES) 2012 in Las Vegas. The tablet, which will cost $99, is designed for children in developing countries around the world. Steve Jobs would be proud.
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
Apple (AAPL), according to one stock reviewer, is that rare tech stock you can buy for your child's college fund, and in 10 years you'll be glad you did.
Despite an upswing in hiring during 2011, the jobs crisis could last many more years as millions of Americans struggle to find work.
Friday's stronger-than-expected December U.S. jobs growth figures drew a sharp contrast with European numbers, but staffing executives who track labor demand on both sides of the Atlantic caution Europe's impact on jobs in the United States may yet prove deeper than it has so far.
Friday's stronger-than-expected December U.S. jobs growth figures drew a sharp contrast with European numbers, but staffing executives who track labor demand on both sides of the Atlantic caution Europe's impact on jobs in the United States may yet prove deeper than it has so far.
Employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity.
U.S. employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity.
Employment grew solidly last month and the jobless rate dropped to a near three-year low of 8.5 percent, offering the strongest evidence yet of an acceleration in economic activity.
