Posts Tagged ‘job losses’
Vodafone to axe further 375 jobs
Telecoms company Vodafone has announced plans to cut a further 375 jobs as part of its £1 billion cost-cutting programme, undertaken last year by the company as a result of a sharp decline in revenues from its core UK market.
The company, which is the world’s largest mobile phone operator, said the job losses would [...]
WPP expects stability in 2010
The world’s largest advertising group WPP has seen an improvement in profits after a ‘brutal’ 2009.
The advertising giant said pre-tax profits had tumbled by 16% year-on-year to £812 million. However, this was better than the £780 million forecast.
Meanwhile, revenue grew by 16% to £8.7 billion, while like-for-like sales fell 8%.
The company was hit severely [...]
AstraZeneca to close Loughborough plant
The UK’s second-largest drug maker, AstraZeneca, has announced plans close a research centre near Loughborough, Leicestershire.
The drug giant is one of Leicestershire’s major employers and the move will result in the loss of more than 1,000 jobs.
Furthermore, a smaller facility in Cambridge is to close and are part of plans to axe 8,000 jobs across [...]
Ethel Austin fails to attract buyer, 1,000 lose their jobs
Fashion retailer Ethel Austin has been forced to close its doors after failing to attract a buyer.
Earlier this month, the Liverpool-based discount clothing retailer, together with its sister company Au Naturale, entered administration for the second time in two years.
The group was bought out of administration in 2008 by Elaine McPherson – former chief [...]
BAE to cut further 230 jobs
Defence giant BAE Systems has today announced plans to axe 230 staff at its submarine site in Barrow-in-Furness.
The job losses are part of a business review and follow the 2,300 job cuts made last year, which were the result of a lack of future contracts.
The company, which is Europe’s largest defence contractor, has a [...]