Business Events Layoffs

  • ZURICH, June 7- Visitors say views through the glass floors in Schindler's Auckland Sky Tower elevators offer one of the most exhilarating lift experiences in the world. They will focus on special orders the company said would secure the site's competitiveness, justifying higher costs than at factories it opened this decade in China, Slovakia and India.

  • *Chairman Richard Elman to step down within 12 mths. SINGAPORE, June 3- Noble Group is raising $500 million in a rights issue and its chairman plans to step down within 12 months- the latest in unexpected measures this week as Asia's largest commodity trader struggles with the fallout from an accounting dispute and weak markets. The resignation plans by Chairman...

  • NEW YORK, June 2- Boeing Co plans to lay off 211 employees in Washington state on July 22, a state agency said, referring to a group that likely includes information technology workers that Boeing is letting go in a cost-cutting drive. The state Employment Security Department said late Wednesday that it had received notice of 211 layoffs planned by the company.

  • Pedestrians walk past the New York Stock Exchange in New York.

    U.S.-based employers announced the fewest layoffs in five months in May as job cutting fell significantly across several sectors.

  • The boards of the London Stock Exchange and Deutsche Boerse confirmed on Tuesday that they are discussing a potential merger.

    London Stock Exchange Group said its planned $30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group.

  • NYSE Traders

    After deep cuts at big banks to begin 2016, there’s a hint of optimism in executives’ tone.

  • June 1- London Stock Exchange Group said its planned $30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to 250 million euros in revenue benefits a year. The company, which owns Borsa Italiana and the London Stock Exchange, said about 160 million euros per year would come by the...

  • June 1- London Stock Exchange Group Plc said its almost $30 billion planned merger with German peer Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to 250 million euros in revenue synergies a year. LSE's shareholders will be asked to approve the merger on July 4, the company said. Britons will vote on June 23 on...

  • *70 pct of Geoje Island's population relies on shipbuilding. *Korea wants to protect high-tech expertise from going offshore. GEOJE, South Korea, June 1- Geoje Island, off the southeastern tip of the Korean peninsula, appears as prosperous as ever: foreign cars cruise the streets, young mothers pushing strollers converge on coffee shops, and workers on motorcycles...

  • TORONTO, May 31- Bank of Nova Scotia on Tuesday reported second-quarter results which were below market expectations and increased funds set aside to cover bad loans by 40 percent as lending to energy companies turned sour. Net income for the second quarter which ended on April 30, excluding the restructuring charge, was C $1.86 billion, or C $1.46 per share,...

  • WASHINGTON, May 27- The strike by Verizon Communications Inc workers will likely trim U.S. nonfarm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday. The Verizon workers, including network technicians and customer service representatives in the company's Fios Internet, telephone and television services unit, walked off...

  • Shell ramping up job cuts

    The oil and gas giant is now planning to increase the number of layoffs by 20-percent.

  • Microsoft slashing 1,850 smartphone jobs

    The software giant announces another round of layoffs as smartphone sales continue to fall.

  • HOUSTON, May 24- Marathon Petroleum Corp on Tuesday laid off 46 salaried employees at the company's Galveston Bay Refinery in Texas City, Texas, the company said. "This reduction is one element of a cost savings strategy that will better position the refinery to be competitive well into the future," Marathon spokesman Chuck Rice said in a statement.

  • HOUSTON, May 24- Marathon Petroleum Corp on Tuesday laid off 46 salaried employees at the company's Galveston Bay Refinery in Texas City, Texas, according to an internal memo seen by Reuters.

  • BEIJING, May 24- China's Premier Li Keqiang said that reducing excess capacity in industry remains the key task in carrying out supply-side reform. China will ensure that workers whose jobs will be affected by restructuring in those sectors will not be left unemployed, he added. China has vowed to tackle price-sapping supply gluts in major industrial sectors,...

  • ABU DHABI, May 22- Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long period of austerity as low crude prices pressure their economies. Since mid-2015, the United Arab Emirates, Saudi Arabia, Qatar and other countries in the region have curbed spending on some construction...

  • BUENOS AIRES, May 18- Argentina's opposition-controlled lower chamber of Congress on Thursday passed a bill to prevent layoffs in the public and private sectors, challenging the center-right government's efforts to cut a gaping fiscal deficit and spur investment in the battered economy. President Mauricio Macri, who took power in December on a...

  • RIYADH/ DUBAI, May 18- Construction firm Saudi Binladin Group has secured a 2.5 billion riyal loan from local banks to ease its financial pressures, banking sources aware of the matter said on Wednesday. Arab National Bank and Saudi British Bank are providing the loan, which Binladin is using to cover redundancy costs for workers it is laying off, back salaries and...

  • May 17- Job cuts and constrained hiring are expected to continue on Wall Street in 2016, with bonuses likely to be lower than in 2015 due to difficult market conditions, according to a study by compensation consultant Johnson Associates. The forecast for 2016 follows a year in which Wall Street added jobs for the first time in five years and the bonus pool...