job cut
January 22, 2010 - 10:15am | Banks and internet banks | News
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Largest UK banks Lloyds and Royal Bank of Scotland reported their plans to lay off more staff this year. RBS announced that it is laying off 221 techies at its Dublin Technology Centre. The Dublin center is to shut later this year with the loss of 196 jobs and 25 posts in Belfast will also go.
RBS promised that it would offer staff redeployment where possible and try and keep compulsory redundancies to a minimum.
Lloyds also announced it is laying off 585 people as a result of the closure of its personal loan centers. |
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October 29, 2009 - 6:58am | Figures | News
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While recession brings many problems to people it still seems to have kind of positive impact on divorce trends as analysts noted that the number of couples wishing to part significantly dropped. The main reason for “firmer” families is that less couples can afford divorce related costs.
According to the data obtained by the American Academy of Matrimonial Lawyers (AAML) over half of the respondents to its latest survey among its 1,600 members cited a drop in divorce filings during the current recession which has cut jobs, salaries and house prices. |
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June 5, 2009 - 9:51am | Analytics | News
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US government report released Friday showed that American employers cut 345,000 jobs last month, the fewest since September and far less than forecast which is considered as additional evidence the economy's severe weakness was diminishing.
Still, the unemployment rate reached 9.4% the highest since a matching rate in July 1983, from 8.9% in April, according to the Labor Department report. |
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June 3, 2009 - 6:56am | Figures | News
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Semi-annual survey conducted by Dice Holdings revealed that most US employers and recruiters are not intended to increase hiring this year. Moreover, they are more cutting starting salaries.
According to survey’s results, 10% of respondents expect the hiring will recover during the second half of this year, 33% think that the recover will occur in November. 31% said layoffs would occur the next six months. 6 months ago 34% of respondents thought in the same manner.
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April 14, 2009 - 1:09am | News | Other themes
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While Google prepares to release its first-quarter results this week investors express their concern about the company’s possible revenue declines. The anxiety of the public is incited by the recent rounds of layoffs undertaken by the Internet search giant in a move to cut its costs.
"Whenever Internet companies cut costs, people take any cost cutting as a really negative signal," said Sanford Bernstein analyst Jeff Lindsay.
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February 4, 2009 - 5:30pm | Figures | News
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According to the recent reports more than a half million people have been laid of during the last month in the private sector , namely 522,000, and their number will increase in the near future. This figure refers only to private sector.
As for the over sectors reports say that service-providing sector has decreased by 279,000. And in goods-producing sector this figure has fell by 243,000.
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January 30, 2009 - 6:50am | News | Other themes
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The number of the laid off Americans may be increased by 20,000 New Yorkers. Such bad news came from mayor of NYC Mike Bloomberg who has announced his new budget plan. According to the mayor’s statement city faces a $4 billion deficit in the coming year. The official is going to cut city programs by almost $1 billion and is going to ask employee unions to pay more for health care and pensions to close that deficit otherwise he will be obliged to cut 20,000 positions from the payroll. |
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January 26, 2009 - 12:50pm | News | Other themes
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On Monday Europe's largest consumer-electronics firm, Royal Philips Electronics, that also produces healthcare and lighting, equipment announced it swung to a fourth-quarter loss of 1.47 billion euros ($1.9 billion) or 1.57 euros a share, compared to a profit of 1.39 billion euros, or 1.30 euros a share, earned in the year-earlier quarter. That was the company's first quarterly loss since the first quarter of 2003. Company also reveals plans to cut 6,000 jobs in 2009. |
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December 4, 2008 - 7:10am | News | Other themes
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Following the data announced earlier by the Labor Department, the survey of Challenger, Gray & Christmas marked November as the worst month for layoffs since January 2002 when large employers cut about 250,000 jobs as the nation was recovering from the prior year recession and September 11 attacks. The previous month largest employers nationwide cut 181,671 positions which brought the total number of corporate pink slips issued by the moment to over 1 million.
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November 28, 2008 - 4:51am | News | Other themes
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Western Union, the leading money transfer company has announced the great lay off. According to Dan Diaz, the company’s spokesman the money remittance service is going to eliminate some 200 jobs worldwide. The company didn’t mention the exact position however it was told that mass dismissal will also touch some managing positions. |
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November 13, 2008 - 7:35am | Banks and internet banks | News
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HSBC India has announced the job cut in the merchant banking and institutional business departments of Investsmart, a broking house that was not so long ago. The job cut that was probably caused by world financial crisis has made the bank to ask their employees to go on a month’s paid leave. During that month the employees are find another job.
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