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American Express to axe 5,400 jobs globally

Last Updated: Friday, January 11, 2013, 19:22

American Express has said that it will cut 5,400 jobs worldwide by the end of 2013.

Qantas to axe another 500 engineering jobs

Last Updated: Thursday, November 08, 2012, 13:13

Qantas is cutting another 500 engineering jobs in Sydney and Victoria as the airline steps up the consolidation of its heavy maintenance bases from two to one.

Nokia says to cut 4,000 more jobs

Last Updated: Wednesday, February 08, 2012, 14:00

Struggling Finnish phone maker Nokia plans to cut some 4,000 more jobs at its plants in Finland, Hungary and Mexico as its moves smartphone assembly work to Asia, it said in a statement.

Part-nationalised UK bank Lloyds to cut 1,000 jobs

Last Updated: Wednesday, February 08, 2012, 08:51

The UK's part-nationalised Lloyds Banking Group says it's cutting nearly 1,000 jobs as part of a strategic review.

HSBC to axe at least 10,000 jobs: Report

Last Updated: Sunday, July 31, 2011, 17:38

Global banking giant HSBC is likely to announce on Monday plans to axe at least 10,000 jobs in the coming year, says a report by Britain's Sky News.

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.