Home

cost saving

HSBC will fire 10,000 employees

July 28, 2011 - 3:43am | Banks and internet banks | News
HSBC will fire 10,000 employees

HSBC Plc plans to cut its workforce which may account for more than 10,000 employees, as the bank seeks to cut its costs, reported Sky News, citing the sources with the knowledge of the matter.

Sky News adds that the plans of the bank have not been yet finalized. Meantime, officials at the company provide no comments.
Read more

bank | cost saving | cut costs | cut workforce | employee | HSBC
-1 points

Cloud computing is not all about roses at best

August 10, 2009 - 8:00am | Analytics | News
Cloud computing is not all about roses at best

 

Last week at the Black Hat Security Conference security experts warned companies against hidden vulnerabilities of cloud computing that is getting increasingly popular among businesses who want to save more costs in a current recession environment. Startups and small firms are using virtual machines on the Internet while larger companies are pushing applications such as customer relationship management to the likes of Salesforce.com.
Read more

cloud computing | cost saving | malicious instance | phishing | security breach | virtual system
0 points

Companies feel poor paying pensions… they have to freeze pension plans

July 23, 2009 - 1:31am | Analytics | News
Companies feel poor paying pensions… they have to freeze pension plans

A report released by Watson Wyatt revealed that about 1/3 of pension plans offered by Fortune 1,000 companies have been frozen. The report notes while the rate at which firms freeze plans decreased since its highest record in 2006 this year 190 plans have been terminated which is a 12% increase over the previous year. Higher freeze rates were reported by the industries that were hit hardest by the financial crisis.
Read more

cost saving | employee | financial crisis | Pension plan | plan freeze | unemployment
-1 points

What about pension for Wells Fargo's workers?

May 7, 2009 - 2:58am | Banks and internet banks | News
What about pension for Wells Fargo's workers?

On Wednesday, Wells Fargo & Co announced about the intention to freeze its cash-balance retirement plan for all employees, according to the Reuters report. Wells Fargo also has cut 548 jobs in the former home of Wachovia, uptown Charlotte, North Carolina. Layoffs began in February, and are to continue through the mid of the summer.
Read more

cost saving | Crisis | layoff | recession | retirement plan | Wachovia | Wells Fargo
0 points
Did not find what you want? Try to search all ecommerce sites!
Custom Search