News Tag: job losses
March 18, 2010
Barclaycard has today confirmed it is to close its loan centre in Glasgow this summer, which will result in the loss of 350 jobs.
The centre, which is located at Academy Park on the city's south side, deals with loans arranged at the point of sale in shops.
Neil Radley, managing director of International Consumer Lending at ...
Barclaycard to close office in Glasgow with loss of 350 jobs
by Kay Murchie
Hundreds more jobs set to go at the Land Registry
by Kay Murchie
March 16, 2010
Oil giant Royal Dutch Shell has today announced it will axe a third of its global petrol station network and shed a further 1,000 jobs by the end of next year, as part of its ongoing cost cutting programme.
The Anglo-Dutch firm, which is Britain’s second largest oil company, has been hit by a slump in demand for ...
Shell steps up cost-cutting programme with further job losses
by Kay Murchie
Kraft promises no further factory closures
by Kay Murchie
March 9, 2010
Telecoms company Vodafone has announced plans to cut a further 375 jobs as part of its £1 billion cost-cutting programme, undertaken last year by the company as a result of a sharp decline in revenues from its core UK market.
The company, which is the world’s largest mobile phone operator, said the job losses would mainly affect back office positions in ...
Vodafone to axe further 375 jobs
by Kay Murchie
March 5, 2010
The world’s largest advertising group WPP has seen an improvement in profits after a ‘brutal’ 2009.
The advertising giant said pre-tax profits had tumbled by 16% year-on-year to £812 million. However, this was better than the £780 million forecast.
Meanwhile, revenue grew by 16% to £8.7 billion, while like-for-like sales fell 8%.
The company was hit severely hard by the economic downturn and, as ...
WPP expects stability in 2010
by Kay Murchie
March 2, 2010
The UK’s second-largest drug maker, AstraZeneca, has announced plans close a research centre near Loughborough, Leicestershire.
The drug giant is one of Leicestershire's major employers and the move will result in the loss of more than 1,000 jobs.
Furthermore, a smaller facility in Cambridge is to close and are part of plans to axe 8,000 jobs across its global operations over the next four ...
AstraZeneca to close Loughborough plant
by Kay Murchie
February 25, 2010
Fashion retailer Ethel Austin has been forced to close its doors after failing to attract a buyer.
Earlier this month, the Liverpool-based discount clothing retailer, together with its sister company Au Naturale, entered administration for the second time in two years.
The group was bought out of administration in 2008 by Elaine McPherson - former chief executive and ...
Ethel Austin fails to attract buyer, 1,000 lose their jobs
by Kay Murchie
February 11, 2010
Defence giant BAE Systems has today announced plans to axe 230 staff at its submarine site in Barrow-in-Furness.
The job losses are part of a business review and follow the 2,300 job cuts made last year, which were the result of a lack of future contracts.
The company, which is Europe's largest defence contractor, has a global workforce of more than 100,000 ...
BAE to cut further 230 jobs
by Kay Murchie
Kraft confirms closure of Cadbury Somerdale plant
by Kay Murchie
February 4, 2010
Oil giant Royal Dutch Shell has today posted a 75% fall in profits for the fourth quarter to $1.2 billion (£755 million), compared with the $4.8 billion the company made a year ago.
The Anglo-Dutch company, which is Britain’s second largest oil company, has been hit by a slump in demand for oil from a weak global economy.
For the full 2009-year, the ...
Shell Q4 profits plunge 75%
by Kay Murchie
February 3, 2010
The planned merger between mobile phone giants, T-Mobile UK and Orange, is set to be investigated by the Office of Fair Trading (OFT).
The OFT said the merger "threatens significantly to affect competition in mobile telecommunications in the UK".
At the time of the proposed merger in September, the two phone giants said a deal would create the UK’s largest mobile phone ...
Orange and T-Mobile merger under threat
by Kay Murchie
January 31, 2010
As part of a major restructure, Britain’s largest drugs company GlaxoSmithKline (GSK) is to slash 4,000 positions, according to The Sunday Times.
According to press reports, the job losses are part of plans to shift its focus to emerging markets, such as China which has greater potential to increase sales growth.
The company has a global workforce of 99,000 and ...
GSK to axe 4,000 jobs as it shifts focus
by Kay Murchie
January 28, 2010
Shop Direct, the group behind Littlewoods, Kays, Additions Direct, Very, Empire Stores and Marshall Ward is to axe 1,500 positions across three sites in Sunderland, Burnley and Newtown in Powys.
The GMB union described the job losses as a "devastating blow" to the three affected regions.
The home shopping group which has its headquarters in Liverpool, was formerly known as Littlewoods Home ...
Shop Direct to axe 1,500 jobs
by Kay Murchie
Cost-cutting programme sees further 8,000 jobs go at AstraZeneca
by Kay Murchie
January 27, 2010
Workers at British confectioner Cadbury are to stage a protest today in Bournville, Birmingham in a bid to urge shareholders to reject the takeover offer from US food giant, Kraft.
Kraft, which is renowned for brands such as Kenco coffee and Oreo biscuits, made an offer of £11.7 billion last week which 186-year-old Cadbury agreed to.
Following the announcement, Roger Carr, ...
Cadbury workers stage protest over jobs threat
by Kay Murchie
Pick up in advertising spend boosts Yahoo profits
by Kay Murchie
Yorkshire and Chelsea members vote in favour of merger
by Kay Murchie
Ericsson announces more job losses as profits slump
by Kay Murchie
