Tag Archives: layoffs

Frankfurt am Main, Germany | AFP | Luxury automaker Daimler on Friday said it was scrapping “thousands” of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry. The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($1.5 …

Johannesburg, South Africa | AFP | One of South Africa’s largest retailers Pick n Pay on Monday said it had cut around 3,500 jobs — 10 percent of its workforce — in a bid to curb costs in an economy battling a recession. “The voluntary severance programme is one of several …

San Francisco, United States | AFP | Microsoft said Thursday it was cutting an unspecified number of jobs amid reports the US tech giant was reorganizing its global sales operations. “Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will …

Lagos, Nigeria | AFP | Nigeria’s second largest airline Aero Contractors has laid off two-thirds of its workforce to save costs and prevent it from going under, a government agency official confirmed on Friday. The company said in a letter to employees on Thursday that it was “constrained to place (them) …

Stockholm, Sweden | AFP |  Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported late Wednesday. The daily said it had obtained “confidential documents” outlining a three billion kronor (313-million-euro, $350-million) cost-cutting programme. According to Svenska Dagbladet, …