Tag: #Jobs
-
US Stocks Retreat from Records after Lacklustre Jobs Data
US stocks have retreated from records after lacklustre jobs data.
-
Battered by pandemic, Boeing cutting 30,000 jobs in two years
New York, Oct 28 (AFP/APP):Pressured by a prolonged commercial travel downturn and the hit from the 737 MAX crisis, Boeing on Wednesday announced an additional 7,000 job cuts that will lower headcount by 30,000 positions over two years. The planemaker, which has been in belt-tightening mode throughout 2020 in the wake of the coronavirus on…
-
Americans hit by pandemic create start-ups at record clip
Washington, Oct 23 (AFP/APP):Americans enduring a feeble economy and high unemployment because of the coronavirus pandemic are creating start-up companies at a record pace. The drive is favored by very low interest rates, banks that are eager to lend and people with money saved up — both because no one goes out anymore and because…
-
Pandemic to Cut Thousands of Banking Jobs in Frankfurt: study
According to a study, the pandemic will cut thousands of jobs in Frankfurt.
-
UK economy grows 2.1% in August: Official
London, Oct 9 (AFP/APP):Britain’s economy expanded a weaker-than-expected 2.1 percent in August and remained far down on pre-pandemic levels, official data showed Friday. Despite a fourth consecutive monthly increase, gross domestic product remained 9.2 percent below the level in February, the Office for National Statistics said in a statement. This tallied with Bank of England…
-
UK Pub Firm Greene King Axes 800 Jobs on Virus Curbs
The UK pub firm Greene King has axed 800 jobs on virus curbs.
-
Hope for new US aid fades as data show consumer stress
Washington, Oct 2 (AFP/APP):The White House and congressional Democrats had still not agreed on a plan for the passage of more fiscal stimulus as new government data showed continuing strain on consumers impacted by the coronavirus downturn. A top aide to Democratic House Speaker Nancy Pelosi said the lawmaker had held discussions with Treasury Secretary…
-
American Airlines to start furloughing 19,000 workers?
New York, Oct 1 (AFP/APP):American Airlines will begin furloughing 19,000 workers from Thursday, the company announced, as US officials have failed to reach a deal on fresh aid to the pandemic-hit air travel sector. US carriers that received billions in aid from Congress had promised to refrain from laying off workers until the end of…
-
Efforts Afoot to Send 100,000 Skilled Workers to Kuwait: OP&HRD
Efforts are afoot to send 100,000 skilled workers to Kuwait.
-
UK leisure group Whitbread to cut 6,000 jobs?
London, Sept 22 (AFP/APP):British leisure group Whitbread, owner of Premier Inn hotels, announced Tuesday that it could axe up to 6,000 jobs and blamed “subdued” travel demand during the coronavirus pandemic. Whitbread, which also owns restaurants including Brewers Fayre and Beefeater, said it will consult on the cutbacks that would amount to almost a fifth…