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The company's lay off order was stalled by State and Union labour departments.
Last Updated: Thursday, February 27, 2014, 11:40
Disclosing AUD 235 million half- year loss, Australian national airlines Qantas today announced axing 5,000 jobs in a bid to cut costs.
Last Updated: Tuesday, February 25, 2014, 11:45
The airline has been battling record fuel costs and fierce competition from subsidised rivals and in December said 1,000 jobs would go while warning it faced a half-year loss of up to Aus$300 million.
Last Updated: Saturday, February 22, 2014, 02:25
US drinks giant Coca Cola vowed today to press on with laying off workers at its bottling plants in Spain after unions refused to strike a deal.
Last Updated: Thursday, February 20, 2014, 17:22
Former captain Rahul Dravid feels it is time for Zaheer Khan to start deliberating on his future as it would be difficult for the senior pacer to survive the rigours of five Test matches when India tour England later this year.
Last Updated: Tuesday, December 10, 2013, 09:26
European aerospace giant EADS, the maker of Airbus aircraft, announced plans Monday to cut 5,800 jobs in its defence and space division over three years.
Last Updated: Thursday, December 05, 2013, 13:11
Australian carrier Qantas said it would axe 1,000 jobs and anticipates "immense" challenges ahead in a shock profit warning Thursday, flagging a half-year loss of up to Aus dollar 300 million (USD 271 million).
Last Updated: Thursday, September 19, 2013, 17:57
Pink slipped? Geetanjali Pandit gives you coping strategies to emerge stronger, wiser, better.
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Portugal received a 78 billion euro rescue in 2011 after overspending.
Last Updated: Wednesday, February 27, 2013, 09:37
Many banks are looking to automate more of their businesses to make their staff more productive and improve profits.
Last Updated: Thursday, February 21, 2013, 13:27
In the summer of 2012 Volvo Car let go about 800 employees working in the factories.
Last Updated: Friday, January 11, 2013, 10:40
The job cuts will be seen mainly in the company’s travel division, and would take about USD 600 million in after-tax charges in the fourth quarter.
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