workforce reduction

Anglo Kumba Unit cuts off 3,900 jobs: iron ore demand drops

South African largest iron ore producer Kumba cuts as many as 3900 miners after prices plunged. Kumba decided to restructure the Sishen mines to become a low cost pit configuration and as a result, about 2,633 employees of Kumba and 1,300 contractors will be affected.

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Newspaper reports EADS plans to reduce workforce, sell Paris headquarters for restructuring

The European Aeronautic Defence and Space Company or EADS plans to cut anywhere from 5,000 to 6,000 jobs and sell its Paris headquarters as part of its reorganization program, Le Figaro newspaper reported.

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Cisco forecasts modest revenue growth after job cuts

Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.

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Cisco Systems pares down 5% of workforce

Cisco Systems announced it would be whittling down its workforce by 5%.

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