Latest News on Costcutting
Showing of 0 - 10 from 4 results
Costcutting - Total results - 4
Oct 30, 2012
UBS to fire 10,000 bankers as it winds down fixed income bizUBS was one of the banks hardest hit by the financial crisis when its fixed-income unit racked up more than $50 billion in losses after gorging on subprime securities, forcing it to seek a bailout from the Swiss government in 2008.
Oct 24, 2012
Dow Chemical to slash 2,400 jobs, close 20 plants as growth slowsDow expects the strategy will result in roughly $500 million in annual cost savings by the end of 2014. Over the next two years, Dow plans to close certain manufacturing facilities in the U.S., Belgium, The Netherlands, Spain, the United Kingdom and Japan.
Jun 11, 2012
Slowdown: Layoffs and work-from-home beginA direct effect of the slow growth is seen in companies cutting cost massively. This means more layoffs, fewer campus hiring drives and reduced hikes.
May 11, 2011
HSBC plans $3.5bn cost cuts over 3 years, jobs could goIn a day-long strategy presentation to investors in London, the bank said that it was betting big on growth in markets like India and China.