Alcatel-Lucent would push a cost cutting drive to save EUR1 billion by 2015 through cutting jobs by 1000, reported Les Echos and Le Figaro newpapers on their websites.
Tags: Job cuts
Credit Suisse CEO Will Cut More Jobs As Quarterly Loss is Expected
CEO Tidjane Thiam determine to pursue further restructuring in Credit Suisse. The Swiss bank will cut more 2,000 jobs and cut more of its business.
LivingSocial Cuts Jobs By 50% While Focusing On Card Linking Discount Business
LivingSocial, partly owned by Amazon, has represented itself as a foe in ecommerce business. Gautam Thakar, the new CEO has gone through a massive workforce reduction since his inception 18 months back. Beside job cuts, Thakar has transformed its business focus from daily deals to card linked discount business which is now being tested in three US cities and seems to be popular.
Schlumberger reports Q4 net loss of $1 billion, cuts 10,000 more jobs
Schlumberger Ltd, on Thursday, reported a net loss of $1 billion for the fourth quarter and also said that it has axed 10,000 additional employees, as an effort to adjust its resource and cost base.
Company Restructuring: Pearson Revealed £320m Restructuring Plan Which Involves 4,000 Jobs Cut
The publishing company has experienced tough times in the market where profits declined and shares dropped. The plan is expected to deliver more earnings growth in the long run with the simplification and reducing of costs. The company's chief also attributed their difficult times to challenging markets and unpredictable changes.
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Siemens planned to shed 15000 jobs over the next year as a part of its cost cutting program, said a spokesman last Sunday.
The restructuring of the 3i Group Plc continues, with more job cuts in the offing. (Photo : Reuters)The image is the corporate logo of the 3i Group. 3i Group Plc, the buyout firm from Britain, is in the midst of carrying out a restructuring plan.
As a result of Australian rules, Dart Energy is forcing to pull out from coal seam gas project in Australia.
3i management under fire for current dismal performance of the company. 3i, after the purchase of shares that increased Richard Bramson's stake in the private equity group, is under fire for the current strategy undertaken to bring it out of the doldrums.
