News international

Companies

Plant protection

Bayer CropScience to eliminate jobs in USA

Bayer CropScience will eliminate 300 jobs in West Virginia and Georgia following a decision to stop producing a pesticide deemed a safety risk to infants and children.[more]

 
Social Network

Myspace forced to cut its jobs almost in half

Beleaguered Myspace has slashed nearly half its workforce as it scrambles to reinvent itself amid slumping membership and in the fase of the Facebook juggernaut. The social-networking company lopped 500 jobs, 47 per cent of its approximately 1,100...[more]

 
Bonus system

Barclays to unveil radical overhaul

Regulators around the world are introducing new rules to force banks to defer larger proportions of bonuses. As a result Barclays aims to use innovative bonds - so called contingent convertibles, or cocos - to pay a large portion of the bonuses for...[more]

 
Allianz

Investment in China Pacific Insurance Group

Allianz SE, Europe's biggest insurer bought shares worth 855 million dollar of China Pacific Insurance from Carlyle Group. Allianz CEO Michael Diekmann said the increased holding is part of his company's "long-term investment" in China Pacific,...[more]

 
Swiss consulting firms

Recruiting across borders

The big consulting firms want to hire up to 50 per cent more consultants in their Swiss offices. A substantial portion is expected to be recruited abroad. Brilliant graduates are courted by the consulting firms these days. Accenture's chief Thomas...[more]

 
Car manufacturers

Big comeback after the GFC

In Germany, Volkswagen promises to create 50,000 new jobs in the coming years and in the US, Ford Motor Co. will invest 600 million US-Dollar to overhaul a Kentucky plant. Meanwhile in India, BMW has launched its most inexpensive softroader, the X1,...[more]

 
Salary

Morgan Stanley: seeking talent despite bonus cuts

Morgan Stanley is one financial-services firm in New York to cut its bonuses by 10 to 30 percent in 2010. Salary and recruiting experts say other big Wall Street banks will follow suit but the scale back in compensation should not affect recruiting. [more]

 
Technology jobs

Revival of the tech sector

The US is celebrating a successful year in the tech sector with job numbers increasing as global demand rises. According to economy tracker Moody's Analytics (MCO) the industry has had a comeback after a dismal start to the year, with 47,000 new...[more]

 
Consulting

Big Four struggle to retain "boundaryless" workforce

Talented accountants can work anywhere in the world today. Today's professional adventurer anticipates "boundaryless" possibilities and is keen to flex newfound career mobility muscles, cherry picking the best job destinations along the way. It's a...[more]

 
Consulting

Roland Berger seeks new partners

The 172 partners in Roland Berger Strategy Consultants have decided not to merge with part of Deloitte Touche Tohmatsu. People close to the deal talks suggested the founder Roland Berger had agreed to invest between 50 and 80 million Euro to help...[more]

 
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