job reduction

Boeing to Reduce Workforce by June As Part of Cost-Cutting and Reorganization

Boeing will reduce its workforce as part of the company’s cost-cutting and reorganization effort. Although it surpassed order forecast for last year, it was offset by a huge drop in new orders. Clients would not want to wait for several years before their orders get delivered.

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IT provider Tieto to cut more jobs

Finnish IT services provider Tieto had planned to reduce its workforce by a further 5% following last year's job reduction, said a report from Reuters.

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Monte Paschi to cut more jobs in return from EU bailout

Monte Paschi would cut more jobs to be able to secure a state bailout fund from the European Union, said a Bloomberg report.

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