News international

Companies

Recession

Thousands of layoffs to hit Wall Street

Come autumn, layoffs will hit Wall Street. With forecasts of recession seeming more plausible than ever and U.S. banks struggling in the new regulatory environment, banks need to get stronger and raise capital. Nearly every firm is planning to lay...[more]

 
Nomura

Nomura plans European staff cuts

The Japanese Bank Nomura is cutting about 5 per cent of its staff in Europe as its international business continues to rack up big losses three years after acquiring part of Lehman Brothers at the height of the crisis.[more]

 

Problem solved? Robots instead of people

The Taiwanese technology production company Foxconn wants to acquire one million robots to replace a part of its employee force.[more]

 

Qantas' move to Asia

The Australian carrier Qantas has announced plans to launch a new, premium Asian airline as well as a Japanese low-cost carrier. The Japanese airline project will be a joint venture with Japan Airlines and Mitsubishi.[more]

 
Chrysler

Rise of the phoenix

Chrysler plans to invest 365 million dollars in one of its U.S. production plants - proof that the automaker is making a full recovery after emerging from bankruptcy in June 2009.[more]

 
Australia

Job opportunities Down Under

Amongst negative employment news from the U.S. and Europe, Australia and New Zealand partly face opposite problems. They suffer skill shortages in certain areas. New Zealand currently lacks up to 30,000 extra workers for the 30 billion dollar...[more]

 
Employment

Job cuts across industries in the U.S. and Europe

Negative employment news from the U.S. and Europe is continuing. In the months of July and August, companies across all different industries reported job slashings, with the financial industry leading the way.[more]

 
Europe

Young, educated, unemployed

Europe battles with one of the highest rates of youth unemployment causing riots and demonstrations across its nations. Now, new data suggests that the situation will worsen in the future, as the region is facing high debts and budget cutbacks.[more]

 
Exxon Mobil + Apple

Major milestone for Apple

It was a remarkable step for Apple, when it overtook Exxon Mobil as the world's most valuable company in August. In addition, the company was also named one of the most sought after employers in the world next to Google and McKinsey.[more]

 
Singapore

Law Firms lose staff

Whereas at U.S. law firms employee perks went out with the first dot-com bust, in Singapore they are becoming necessary for retention right now. Unlike their counterparts around the world who are struggling to find or hold onto scarce legal jobs,...[more]

 
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