IBM PLANNING TO CUT ABOUT 10,000 JOBS IN EUROPE

Highlights:

• The company IBM is planning to cut around 10,000 jobs in the continent of Europe
• The company is taking this step in an attempt for reducing the costs at its slow-growth services unit

The International Business Machines Co...

BRITAIN’S WELL-KNOWN RETAIL BRANDS FACE FURTHER JOB CUTS

Highlights –

• Britain’s well-known retail brands face further job cuts
• Britain’s health and beauty chain Boots and department store John Lewis faces job cuts.
• Britain reported around 5,000 fresh job cuts in the retail sect...

BRITISH AIRWAYS TO RESTRUCTURE ITS STAFF CAPACITY

Highlights –

• Coronavirus pandemic leads to further job cuts in British Airways.
• The airline plans to cut around 12,000 jobs; put 300 jobs on hold.
• Operating flight crew members and pilots likely to have pay cuts.
• Many airli...

MAJOR UK COMPANIES SLASH THOUSANDS OF JOBS IN THE WAKE OF PANDEMIC

Highlights

• It is an attempt to reduce costs in the current economic circumstances
• The pandemic has forced the businesses into survival mode

The coronavirus pandemic has forced the businesses into survival mode. Britain'...

RENAULT ANNOUNCES CUTTING OFF 15,000 JOBS WORLDWIDE

Highlights –

• As a cost-cut plan due to pandemic, Renault to cut 15,000 jobs worldwide.
• Around 4,600 jobs will go to France.   
• Six plants are under review for possible cuts and closure.
• The French firm plans to t...

GET READY FOR ANOTHER GREAT DEPRESSION AS U.S. JOBLESS RATE GOES UP TO 14.7%

Highlights

• Nearly 20.5 million people lost their jobs in the month of April

• Over 33 million Americans have filed for first-time unemployment benefits in last seven weeks

• The U.S. government has announced COVID-19 relief package worth $3.1 trillio...

Npower to cut 4,500 UK jobs

Npower, the energy giant, expects to cut, 4,500 jobs across the United Kingdom.

The company announced it as a part of its restructuring plans in an attempt to make cost-cutting. This step could result in closing down most of its UK’s sites.

Npower, one of the big six ene...