ANA HOLDINGS INC. ANNOUNCES REDUCTION OF WORKFORCE BY 20 PERCENT

Highlights –

• ANA Holdings Inc. announces reduction of workforce by 20 percent.
• ANA plans to do so by the period of the next 5 years.
• The company expects its business to fall to 30,000 by March 2026.
• For fiscal 2021 the comp...

SCHLUMBERGER PLANS FOR COST CUTS; RECORDS SECOND QUARTER LOSS

Highlights –

• Schlumberger plans for cost cuts; records second-quarter loss.
• The U.S oilfield service providers recorded a $3.7 billion charge.
• The company reported a net loss of $3.43 billion.
• The company’s stock was...

UNITED AIRLINES Q2 RESULTS: LOSES $1.63 BILLION, EARNS FROM CARGO UNIT

Highlights: 

• The Q2 losses for United Airlines were predicted 
• 36,000 United Airlines employees will lose their jobs as the federal aid to carriers end in October 2020 

 One of the hardest-hit industries due to the pandemic is the...