Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift ...
Tag: Cut
UBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts ...
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 ...
IEA comes under pressure from former oil market chief to cut energy transition focus
THE International Energy Agency’s (IEA) former oil industry and market chief criticised the agency’s focus on the global energy transition ...
ECB to cut interest rates, keep door open to further easing
THE European Central Bank (ECB) is all but certain to cut interest rates on Thursday (Jan 30) and is likely ...
ECB to cut rates again, with a nervous eye on Trump – The Business Times
EUROZONE rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on ...
Cathay Pacific to cut profit payout to staff by around 50% – The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong ...
Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy – The Business Times
E-COMMERCE giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time ...
Schroders to cut 3% of workforce in bid to revive growth
SCHRODERS plans to cut as much as 3 per cent of its workforce, as new chief executive officer Richard Oldfield ...
BP cuts over 5% of workforce in CEO cost cut drive
BP announced on Thursday (Jan 16) that it will cut around 4,700 staff, or over 5 per cent of its ...
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