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Posts Tagged ‘cost-cutting programme’

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HSBC reports rise in net profit

May 9th, 2011 | Author:

Banking giant HSBC has today said net profits grew 58% to $4.153 billion in the three months to 31 March on lower taxes and bad debt charges. However, the bank, which is Europe’s largest, said the group’s pre-tax gains were driven down by rises in other exceptional costs – such as the £269 million it [...]

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Summer travel chaos looming as BA union prepares fresh strike ballot

June 23rd, 2010 | Author:

Fresh strike action is looming at British Airways (BA) after the Unite union has announced plans to ballot its 12,000 cabin crew members next week, unless the long-running dispute is resolved.
So far, cabin crews have held 22 days of strikes after being involved in a long-running dispute with the airline over cost-cutting measures, which include [...]

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BA seeking High Court injunction to prevent further cabin crew strikes

May 17th, 2010 | Author:

Last week, the Unite union announced cabin crew members at British Airways (BA) will strike for four separate five-day strikes in May and June.
The further industrial action comes after Unite members rejected a fresh deal for cabin crew earlier this month.
Unite said 81% of the cabin crew it represents voted against BA’s offer, which [...]

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2,600 UK jobs set to go at RBS

May 10th, 2010 | Author:

Royal Bank of Scotland (RBS), which is 84% owned by the taxpayer, has today announced it is reducing headcount by a further 2,600 as it continues with its cost-cutting programme.
The bank has already announced more than 20,000 job cuts across its business since it was bailed out at the height of the financial crisis.
The latest [...]

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Shell steps up cost-cutting programme with further job losses

March 16th, 2010 | Author:

Oil giant Royal Dutch Shell has today announced it will axe a third of its global petrol station network and shed a further 1,000 jobs by the end of next year, as part of its ongoing cost cutting programme.
The Anglo-Dutch firm, which is Britain’s second largest oil company, has been hit by a slump [...]

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