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US department store giant Macy's to cut 2,500 jobs

Last Updated: Thursday, January 09, 2014, 05:51

US department store giant Macy`s said Wednesday it will eliminate 2,500 jobs as a cost-cutting move, equivalent to about 1.4 percent of its workforce.

eBay incurs $26 mn in severance, other costs on restructuring

Last Updated: Tuesday, November 19, 2013, 19:50

The US-based company had implemented a global restructuring plan, which included reducing its global workforce by about 600 employees.

Merck to cut 8,500 more jobs in cost-cutting overhaul

Last Updated: Tuesday, October 01, 2013, 21:33

US pharmaceutical giant Merck said on Tuesday it would eliminate an additional 8,500 jobs worldwide as it seeks to cut costs by USD 2.5 billion by the end of 2015.

Siemens cuts 15,000 jobs in 6 bn euro savings drive

Last Updated: Sunday, September 29, 2013, 19:21

Siemens is to shed 15,000 jobs over the next year, a third of them in Germany, as part of a 6 billion euro (USD 8.1 billion) cost cutting program, a spokesman said on Sunday.

Bush House falls silent after last BBC broadcast

Last Updated: Thursday, July 12, 2012, 21:04

As part of the BBC`s relocation plans to cut costs, the World Service has moved from Bush House to Broadcasting House.

Lufthansa reveals 3,500 job cuts in draconian cost-saving

Last Updated: Thursday, May 03, 2012, 16:06

Germany's top airline Lufthansa said on Thursday that it intended to shed 3,500 administrative jobs in the next few years as part of a radical cost-cutting programme.

Kingfisher mulls job cuts, longer work-hours

Last Updated: Wednesday, January 04, 2012, 18:47

In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options.

HSBC may cut thousands of jobs: Report

Last Updated: Thursday, July 28, 2011, 10:52

HSBC Plc is close to announcing that it will cut thousands of jobs as it embarks on a cost-cutting drive, Sky News reported, citing people close to Europe's biggest bank.

HSBC, Barclays on a cost-cutting spree; some heads to roll

Last Updated: Monday, July 18, 2011, 21:05

In a departure from roaring growth and profit numbers posted last year, two leading British lenders in the country, HSBC and Barclays, are on a cost-cutting spree, involving some retrenchments as they realign their operations.

Queen cutting costs, British royals take cabs to travel around

Last Updated: Sunday, January 31, 2010, 16:07

Member of the British royal family, including Prince Harry, are using black taxis to travel to unofficial engagements instead of expensive fleet cars as the Queen is on a cost-cutting spree.

Cost-cutting NASA eyes three cheap space missions

Last Updated: Sunday, January 03, 2010, 19:02

NASA has named low-cost missions to Venus, the moon and an asteroid on a shortlist to become its latest space adventure, as the US agency faces astronomical political pressure to cut costs.

Deve Gowda ridicules austerity measures

Last Updated: Saturday, September 12, 2009, 17:09

JDS chief and former Prime Minister H D Deve Gowda on Saturday took a dig at the austerity measures recently advocated by Union Finance Minister Pranab Mukherjee for both MPs and ministers as part of resource mobilisation efforts.