Royal Mail lowers profit view, plans to cut 700 jobs Britain's Royal Mail will lay off around 700 managers as part of cost-cutting efforts aimed at transforming the centuries-old postal company, it said today, boosting its shares. Business • 25 Jan 22
Royal Mail lowers profit view, plans to cut 700 jobs Britain's Royal Mail will lay off around 700 managers as part of cost-cutting efforts aimed at transforming the centuries-old postal company, it said today, boosting its shares. Business • 25 Jan 22
Unilever to cut 1,500 management jobs in overhaul Unilever has today unveiled plans to cut about 1,500 management jobs in an overhaul aimed at easing shareholders' concerns after a failed takeover bid and news that an activist investor had built a stake in the consumer goods giant. Business • 25 Jan 22
Unilever to cut 1,500 management jobs in overhaul Unilever has today unveiled plans to cut about 1,500 management jobs in an overhaul aimed at easing shareholders' concerns after a failed takeover bid and news that an activist investor had built a stake in the consumer goods giant. Business • 25 Jan 22
Commerzbank strikes deal with workers over job cuts Commerzbank employee representatives have agreed a job reduction deal, the bank and union officials said today, paving the way for the German lender to cut 10,000 jobs globally. Business • 07 May 21
Commerzbank strikes deal with workers over job cuts Commerzbank employee representatives have agreed a job reduction deal, the bank and union officials said today, paving the way for the German lender to cut 10,000 jobs globally. Business • 07 May 21
Nokia to cut up to 10,000 jobs over next two years Finnish telecoms group Nokia said today it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan. Business • 16 Mar 21
Nokia to cut up to 10,000 jobs over next two years Finnish telecoms group Nokia said today it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan. Business • 16 Mar 21
Heineken to cut 8,000 jobs as virus hits sales Dutch brewing giant Heineken said today it would cut around 8,000 jobs worldwide as the coronavirus pandemic kept much of the hospitality sector closed. Business • 10 Feb 21
Heineken to cut 8,000 jobs as virus hits sales Dutch brewing giant Heineken said today it would cut around 8,000 jobs worldwide as the coronavirus pandemic kept much of the hospitality sector closed. Business • 10 Feb 21
Dutch bank ABN Amro to cut almost 3,000 jobs by 2024 Dutch bank ABN Amro said today it would cut almost 3,000 jobs in the coming years, as it focuses on profitable activities in the Netherlands and northwest Europe. Business • 30 Nov 20
Dutch bank ABN Amro to cut almost 3,000 jobs by 2024 Dutch bank ABN Amro said today it would cut almost 3,000 jobs in the coming years, as it focuses on profitable activities in the Netherlands and northwest Europe. Business • 30 Nov 20
Emirates airline posts first loss in more than 30 years Dubai-based Emirates airline has today posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to "a literal standstill". Business • 12 Nov 20
Emirates airline posts first loss in more than 30 years Dubai-based Emirates airline has today posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to "a literal standstill". Business • 12 Nov 20
Permanent TSB to cut 300 jobs in cost cutting efforts Permanent TSB is planning to reduce its workforce by around 300, in an effort to cut its costs further. Business • 06 Nov 20
Permanent TSB to cut 300 jobs in cost cutting efforts Permanent TSB is planning to reduce its workforce by around 300, in an effort to cut its costs further. Business • 06 Nov 20
Caterpillar to cut up to 700 jobs in Co Antrim US manufacturer Caterpillar is planning to cut up to 700 jobs in Northern Ireland. Business • 05 Nov 20
Caterpillar to cut up to 700 jobs in Co Antrim US manufacturer Caterpillar is planning to cut up to 700 jobs in Northern Ireland. Business • 05 Nov 20
Sainsbury's says 3,500 jobs at risk in restructuring UK supermarket group Sainsbury's said today up to 3,500 jobs were at risk in a restructuring that will see it close 420 standalone Argos stores and shut down all in-store meat, fish and deli counters. Business • 05 Nov 20
Sainsbury's says 3,500 jobs at risk in restructuring UK supermarket group Sainsbury's said today up to 3,500 jobs were at risk in a restructuring that will see it close 420 standalone Argos stores and shut down all in-store meat, fish and deli counters. Business • 05 Nov 20
Lloyds steps up job cuts with more than 1,000 layoffs Britain's biggest domestic bank Lloyds said it is cutting 1,070 jobs, accelerating redundancies despite a return to profit in the third quarter. Business • 04 Nov 20
Lloyds steps up job cuts with more than 1,000 layoffs Britain's biggest domestic bank Lloyds said it is cutting 1,070 jobs, accelerating redundancies despite a return to profit in the third quarter. Business • 04 Nov 20
Wetherspoon calls for sensible rules as pub losses rise J D Wetherspoon has today warned of the threat posed to British pubs and the wider economy from coronavirus restrictions, after reporting its first annual loss since 1984. Business • 16 Oct 20
Wetherspoon calls for sensible rules as pub losses rise J D Wetherspoon has today warned of the threat posed to British pubs and the wider economy from coronavirus restrictions, after reporting its first annual loss since 1984. Business • 16 Oct 20
French Airbus workers sign key restructuring deal Major French unions have signed a keenly awaited labour deal with Europe's Airbus covering job reductions and furloughs for production workers affected by coronavirus-blighted demand for passenger jets. Business • 13 Oct 20
French Airbus workers sign key restructuring deal Major French unions have signed a keenly awaited labour deal with Europe's Airbus covering job reductions and furloughs for production workers affected by coronavirus-blighted demand for passenger jets. Business • 13 Oct 20
Denmark's Danske Bank to cut 1,600 jobs over next year Denmark's Danske Bank said today it will cut up to 1,600 jobs in the next six to 12 months as part of a cost-reduction programme that runs to 2023. Business • 08 Oct 20
Denmark's Danske Bank to cut 1,600 jobs over next year Denmark's Danske Bank said today it will cut up to 1,600 jobs in the next six to 12 months as part of a cost-reduction programme that runs to 2023. Business • 08 Oct 20
EasyJet says pandemic will cause annual loss of £845m EasyJet warned today that its first ever annual loss could be as much as £845m as the pandemic meant it was flying just 25% of planned capacity. Business • 08 Oct 20
EasyJet says pandemic will cause annual loss of £845m EasyJet warned today that its first ever annual loss could be as much as £845m as the pandemic meant it was flying just 25% of planned capacity. Business • 08 Oct 20
Shell plans to cut 9,000 jobs in transition plan Royal Dutch Shell has today announced plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Business • 30 Sep 20
Shell plans to cut 9,000 jobs in transition plan Royal Dutch Shell has today announced plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Business • 30 Sep 20
Changes to Commerzbank's strategy after CEO named The nomination of Manfred Knof as chief executive of Germany's Commerzbank paves the way for an overhaul that could close hundreds of branches and shrink its foreign operations, though any major changes may still take months to formalise. Business • 28 Sep 20
Changes to Commerzbank's strategy after CEO named The nomination of Manfred Knof as chief executive of Germany's Commerzbank paves the way for an overhaul that could close hundreds of branches and shrink its foreign operations, though any major changes may still take months to formalise. Business • 28 Sep 20
Lufthansa takes €1.1 billion charge as it shrinks fleet Lufthansa said today it was shrinking its fleet further as a result of the coronavirus pandemic, forcing it to take a €1.1 billion impairment on the value of its aircraft in the third quarter. Business • 21 Sep 20
Lufthansa takes €1.1 billion charge as it shrinks fleet Lufthansa said today it was shrinking its fleet further as a result of the coronavirus pandemic, forcing it to take a €1.1 billion impairment on the value of its aircraft in the third quarter. Business • 21 Sep 20
Ulster Bank strategy unchanged but under review The parent company behind Ulster Bank has said its strategy to grow the bank's business in Ireland organically and safely remains unchanged but is under review. Business • 18 Sep 20
Ulster Bank strategy unchanged but under review The parent company behind Ulster Bank has said its strategy to grow the bank's business in Ireland organically and safely remains unchanged but is under review. Business • 18 Sep 20
Lufthansa could cut more planes and jobs than planned German airline Lufthansa could cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter said. Business • 16 Sep 20
Lufthansa could cut more planes and jobs than planned German airline Lufthansa could cut its fleet by 130 planes in response to the coronavirus crisis, two people familiar with the matter said. Business • 16 Sep 20
German truck maker MAN to cut up to 9,500 jobs German truck and bus manufacturer MAN said today it will cut up to one in four of its employees as it looks to make an "extensive restructuring", with the coronavirus pandemic battering the industry. Business • 11 Sep 20
German truck maker MAN to cut up to 9,500 jobs German truck and bus manufacturer MAN said today it will cut up to one in four of its employees as it looks to make an "extensive restructuring", with the coronavirus pandemic battering the industry. Business • 11 Sep 20
Virgin Atlantic plans 1,150 more job cuts Virgin Atlantic plans 1,150 more job cuts due to a slow recovery in demand, the airline said today after completing a restructuring deal designed to keep it going through the coronavirus crisis. Business • 04 Sep 20
Virgin Atlantic plans 1,150 more job cuts Virgin Atlantic plans 1,150 more job cuts due to a slow recovery in demand, the airline said today after completing a restructuring deal designed to keep it going through the coronavirus crisis. Business • 04 Sep 20
United Airlines to cut 16,370 workers due to Covid-19 United Airlines is preparing to temporary lay off 16,370 workers when federal aid expires on October 1 as the coronavirus pandemic continues to devastate the airline industry. Business • 03 Sep 20
United Airlines to cut 16,370 workers due to Covid-19 United Airlines is preparing to temporary lay off 16,370 workers when federal aid expires on October 1 as the coronavirus pandemic continues to devastate the airline industry. Business • 03 Sep 20
Coca-Cola to cut jobs in global restructuring Coca-Cola said today it would nearly halve its operating units and offer voluntary separation to 4,000 workers including in the US, Business • 28 Aug 20
Coca-Cola to cut jobs in global restructuring Coca-Cola said today it would nearly halve its operating units and offer voluntary separation to 4,000 workers including in the US, Business • 28 Aug 20
Banks in bonus balancing act as economies shrink Major international banks may still pay out big bonuses to high flyers this year even as the pandemic saps the global economy, as fears of losing talent to rivals during a trading boom trump worries of a big compensation bill. Business • 26 Aug 20
Banks in bonus balancing act as economies shrink Major international banks may still pay out big bonuses to high flyers this year even as the pandemic saps the global economy, as fears of losing talent to rivals during a trading boom trump worries of a big compensation bill. Business • 26 Aug 20
