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- Johnson & Johnson profits beat estimates
- Johnson & Johnson on Tuesday reported third quarter profits that beat Wall Street estimates, but its sales declined on weak demand for pharmaceuticals.Net income at J&J jumped by 1.1 per cent to $3.3bn, or $1.20 a share, as the New Jersey-based company succeeded in cutting costs. J&J cut 900...
- External links 2009-10-13
- Ex-Rover consultant linked to LDV
- Qu Li, a Chinese automotive consultant controversially employed by MG Rover, has emerged as a participant in talks to buy the assets of LDV, the Birmingham vanmaker that collapsed into administration in June.MG Rover was criticised in a recent government-sponsored report for paying £1.7m in commissions to companies associated...
- External links 2009-09-20
- Brussels to pore over Magna deal
- The European Commission is to scrutinise German backing for the takeover of General Motors' European operations amid concern that planned job cuts could be influenced by political factors, hitting plants in the UK and Belgium disproportionately hard.Signalling that she would take a tough line on the issue, Neelie Kroes,...
- External links 2009-09-14
- MG Rover auditor given clean bill of health
- Deloitte, the auditor and tax adviser to MG Rover, has received a largely clean bill of health from the independent report on the collapse of the carmaker.Speculation has circulated for years in Birmingham that Deloitte could be censured by the study produced by barrister Guy Newey and forensic accountant...
- External links 2009-09-13
- Shell set to unveil job cuts
- Royal Dutch Shell, Europe's biggest oil company, is beginning a series of announcements about job losses as it extends the cost-cutting programme launched by Peter Voser, the chief executive who took over at the beginning of July.The cuts are expected to run into the thousands, after 150 out of...
- External links 2009-09-04
- News Corp announces Star TV shakeup
- News Corporation on Tuesday unveiled details of a wide ranging shake-up of its Hong Kong-based Star Asian television business as James Murdoch, chairman and chief executive for Europe and Asia, looks to cut costs and consolidate overlapping businesses in the region.About 150 to 200 jobs at Star are expected...
- External links 2009-08-18
- Q-Cells to cut 500 solar jobs
- Q-Cells, the world's biggest manufacturer of solar cells, on Thursday announced it would sack almost 20 per cent of its workforce in response to a slump in demand and a sharp drop in the price for solar components.The company said it would cut "permanently" around 500 jobs at its...
- External links 2009-08-13
- Johnson & Johnson to slash workforce
- Johnson & Johnson on Tuesday announced that it would slash 6 to 7 per cent of its 117,000 global employees by 2011 as it cuts costs to weather the global downturn and increase spending on new products.The move comes as the company sees a sluggish recovery from the global...
- News items 2009-11-03
- GM board to reconsider Opel sale plan
- General Motors' board is set to meet on Tuesday to reconsider the planned sale of Opel to Canadian car-parts supplier Magna and Sberbank, the Russian bank.The reassessment of the long sales process, which has been fraught with political haggling over job cuts and state financing, comes after the European...
- External links 2009-11-02
- Shell shake-up to shed 5,000 jobs
- Royal Dutch Shell said on Thursday that a total of 5,000 staff would be leaving the Anglo-Dutch oil and gas group as part of a restructuring begun earlier this year.It gave the update on job losses as it announced a decline in third-quarter profit that was a little smaller...
- External links 2009-10-29
- UK arm of Joost put into liquidation
- The UK arm of Joost, the online video service founded by the creators of Skype and backed by big media investors, was put into liquidation this month after failing to find a buyer.The liquidation is the latest stage in the decline of the Netherlands-based company, which launched in 2007...
- External links 2009-10-14
- Workers protest at Opel in Antwerp
- Several thousand local trade unionists and Opel workers from across Europe descended on the carmaker's Antwerp factory yesterday.They were there to signal their unity in the face of Europe-wide job cuts detailed by Magna International, the Canadian parts-maker which is leading a consortium to buy Opel from General Motors."Wir...
- External links 2009-09-23
Additional Resources
- CBS Layoffs: Where Are They Hiding the Bodies?
- Erick Schonfeld submits: The pink slips were passed out on Thursday throughout the various business duchies that make up CBS Interactive—CNET, CBS.com, CBSNews,com, CBSSports.com, BNET, GameSpot, TV.com, last.fm, and CHOW. While CBS CBS confirmed to me and other reporters that layoffs did happen across the board, it refused to...
- External links 2008-12-12
- Advertising Roundup: Sprite Pitch Narrows; Mediaedge Wins Sony; Layoffs at Omnicom in UK; More ...
- Sprite pitch down to two -- Wieden & Kennedy and Bartle Bogle Hegarty are facing off in a pitch for marketing duties on Coca-Cola's Sprite brand, according to executives close to the matter. [Source: Ad Age] Mediaedge wins Sony LatAm -- WPP Group's Mediaedge:cia has been awarded...
- Blog posts 2009-01-30
- Advertising Layoffs Roundup: Jobs Cut at Crispin, Fallon, RBW, Ogilvy and other WPP units
- UPDATE: Crispin Porter & Bogusky has laid off 60 of its 900 employees. In an email statement the company said: "In response to the current economic climate, advertising budgets are being reduced in virtually every industry. On a comparative basis, CP+B¹s business is doing well but we...
- Blog posts 2009-02-05
- Fired by the salvo. (brokerage layoffs)
- THE sackings on Wall Street and in the City of London have been good news for one small corner of the service industry, Outplacement agencies, which specialise in handling dismissals and finding jobs for those dismissed, have been in clover. The most...
- Research articles 1988-01-23
- FT To Buyouts; Salary Freeze
- The Pink One will pass out some pink slips, though more in form of buyouts than actual layoffs, reports Reuters, citing an internal memo sent out today by FT CEO John Ridding. The company has already done some redundancies in its library/research division in October. For those interested in...
- External links 2008-12-02
- Fujitsu Services cuts 1,200 UK jobs
- Bryan Glick, Computing, Wednesday 26 August 2009 at 17:41:00 Trade union condemns move as "wholly unwarranted" Fujitsu Services is to make up to 1,200 jobs in the UK redundant because of lower-than-expected sales. The firm says its has "reluctantly" taken the decision to make the cuts, which represent nearly...
- News items 2009-08-26
- GSK Hire From Pfizer Signals R&D Will Continue to Shrink
- GlaxoSmithKline appointed Ellen Strahlman as it's new chief medical officer, and a perceptive post over at IN VIVO discusses the meaning of the move. (That's her LinkedIn photo.) Her previous job was as Pfizer's vp licensing and worldwide business Development. IN VIVO asks: With so...
- Blog posts 2008-09-12
- Industry Moves: Fairfax Media; Generations Network; DivX; Monster; CNBC
- -- Fairfax Media: CEO David Kirk, abruptly left the company yesterday following a period of turmoil and redundancies at Australia's largest newspaper group, according to Reuters and FT.com. Deputy CEO Brian McCarthy has taken the chief exec job on an interim basis but Fairfax is keeping quiet on the...
- External links 2008-12-05
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