AgustaWestland warns of job cuts as India scraps deal

Italian defence group Finmeccanica said on Thursday its AgustaWestland unit welcomed a decision by the Indian government to take part in an arbitration process over a $770 million helicopter deal, but warned of possible job cuts.

Campus placements likely to be lower next year: Survey

With continuing economic uncertainties, head-hunters in the country are likely to hire lower number of students through campus placements next year.

4,500 British soldiers to be axed

Cash-strapped Britain axed nearly 4,500 Army personnel in the third and biggest round of job cuts since the 2010 defence review.

Angry steel workers block Belgian-Dutch border

Hundreds of Belgian steel workers are blocking a busy border crossing between Belgium and the Netherlands to protest against planned job cuts by ArcelorMittal.

264,000 South Asians lost jobs in Gulf: Survey

About 264,000 people from South Asia have lost jobs in the Middle-East on account of the global meltdown, city-based think tank Centre for Development Studies (CDS) has found.

Sony Ericsson to cut 2,000 jobs globally

Mobile handset maker Sony Ericsson on Thursday said it will cut 2,000 jobs globally as it phases out activities at some of its locations.

Microsoft to cut jobs worldwide; minimal impact on India

Global software major Microsoft
will slash hundreds of jobs globally as part of its effort to
realign business activities.

Shell to cut 5000 jobs as part of restructuring

Owing to the weak global economy, Royal
Dutch Shell reported on Thursday a sharp drop in third-quarter
earnings and production and said it would cut 5,000 jobs.

British Airways cabin crew may go on strike over job cuts

A strike by the cabin crew of the British Airways seems eminent following UK carrier’s provocative move to slash 1700 jobs, imposing a two-year pay freeze and changing working practices.

US Postal Service seeks 30,000 job cuts via buyouts

The US Postal Service, the nation`s second-largest employer, offered buyouts on Tuesday to quickly slash up to 30,000 jobs as it grapples with declining mail volume and embraces more automation.

Slowdown? High potential employees still find greener pastures

Even as economic gloom descended upon the job market worldwide, high potential employees seemed to be the least daunted, with a major chunk of them switching over to new employments in recent months, says a survey.

More firms plan to reverse salary cuts, freezes

An increasingly larger number of companies are planning to roll back salary cuts and freezes implemented in the past two months, a survey says.

Gulf Air plans to sack 272 workers: Union

Gulf Air trade unions on Sunday alleged the struggling Bahrain-owned carrier is planning to dismiss 272 workers within three months as part of a restructuring plan.

US: 97,000 job cuts in July

Job cuts announced by US employers
jumped 31 percent in July to over 97,000.

Continental Airlines to slash 1,700 more jobs

US-based Continental Airlines is
slashing 1,700 jobs following a drop in passenger numbers
during the summer season amid a quarterly loss of USD 214
million reported between April and June.

Citigroup cuts nearly 30,000 jobs in second quarter

Citigroup has slashed nearly 30,000 jobs in the second quarter of this year as the banking major resorted to cost cutting measures to tackle the financial turmoil.