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Barclays to Cut 30,000 Jobs
Barclays has reportedly announced plans to cut more than 30,000 jobs within two years, in a move that comes just two weeks after the bank’s chief executive Antony Jenkins was fired.
More than 30,000 employees of Barclays, the seventh-largest bank in the world in terms of managed assets, will be laid off within the next two years, in a development that comes amid the bank’s efforts to speed...
Microsoft cuts 7800 jobs in major layoff
World’s software giant, Microsoft, says it is planning to cut about 8,000 jobs while reorganizing its Windows Phone unit, which is facing fierce competition in global mobile market.
The move to cut 7,800 jobs, which was announced on Wednesday, represents the company’s second major round of layoffs in a year. Microsoft also slashed about 18,000 jobs a year ago in a bid to integrate the Nokia handset...
German heavy truck maker to lay off 1,800 employees by 2017
A truck manufactured by Germany’s MAN SE. The company has decided to lay off 1,800 jobs.
Germany’s MAN SE has decided to lay off as many as 1,800 jobs in the next two years as part of its cost-cutting policies.
The respected truck maker said in a statement that it plans to “realign” some its divisions in Germany, Austria and Poland “avoiding duplication of work … streamlining its indirect...
Microsoft to cut 18K jobs worldwide
The US software giant Microsoft has announced plans to slash 18,000 jobs from its global workforce in 2015, the largest cuts in the company’s 39-year history.
In a statement on Thursday, the company described the shakeup as part of its strategy to streamline business under new CEO Satya Nadella.
Layoffs represent about 14 percent of the company’s workforce and will be completed by next June.
Nadella,...
35 Disney workers arrested in child sex crimes
At least 35 Disney World theme park workers have been arrested in the United States over child sex crimes in recent years.
The employees have been arrested since 2006 in Florida. So far, 32 of those cases have resulted in convictions.
“Wherever you find children, you’ll find sexual predators that want to be there,” said Polk County Sheriff Grady Judd.
The toll of the park’s employees...
McDonald's to employees: Break your food in small pieces to feel full
McDonald’s is under fire once again, this time for suggesting employees break up their food into smaller pieces to get full and to sell personal belongings on eBay or Craigslist for cash.
These recommendations, along with others, were made public on Tuesday when the activist group Low Pay Is Not OK, which promotes higher wages for fast food workers, posted a YouTube video concerning the McResource...
Shorter working week, more social and economic benefit
Reducing the working week from 40 hours to 30 is not what all employees exactly crave, but it could be economically beneficial, the New Economics Foundation says. Fewer working hours would create more jobs, improve health and stimulate social life.
Modern life provides people with a number of opportunities as never before. However, work consumes free time and drains energy. In order to decrease working...
Pentagon considers employees unhappy with US policies a security threat
The Pentagon is warning its employees to be on the look-out for colleagues who demonstrate an “unhappiness with US foreign policy,” visit family abroad and have financial problems – traits that classify someone as an “insider threat”.
Afraid that its federal employees could follow the footsteps of Army Private first class Bradley Manning, the Defense Department is taking long strides to...
Renault warns unions of factory closures amid cuts, layoffs
Employees of “Auto Chassis International” owned by French automaker Renault, attend a rally to protest against job cuts in Le Mans, western France on January 23, 2013.
Renault has officially warned unions that car factories will close unless they seal an agreement of salary cuts and thousands of layoffs in the floundering company.
“If there is no deal, it is impossible to leave things...
Australia gets ready for war against Asia
Employees of the Australian Strategic Policy Institute asked the authorities to increase defense spending. They fear the rapid growth of Asian countries, and even though Australia is now friendly with them, it is time to think about defense. What is happening in the world, if one of the most non-conflict countries in the Southern Hemisphere is preparing for war?
Not that long ago, Australian strategists...
Spanish rallies turn violent as million people protest in 80 cities
Protesters march during a demonstration against government austerity measures, in central Valencia
Spanish police have clashed with protesters marching against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities.
Violence erupted in Madrid around midnight after dozens of protesters reached...
Italians fired up at tax hike up
Protestors march on September 6, 2011 during a demonstration organized by the leftist General Confederation of Italian Workers (CGIL) union against the government's economic policy in the center Rome.
Tens of thousands of people are stranded. Factories are closed, airports and train stations deserted. An entire nation comes to a standstill as Italy’s largest trade union, the CGIL, calls...
TSA employees now developing cancer clusters from standing near body scanners
In a new twist to the TSA saga to which we can only say, “We told ya so,” the Electronic Privacy Information Center (EPIC) has obtained documents through the Freedom of Information Act (FOIA) that reveal TSA employees are reporting “cancer clusters” among their own employees who work near radiation body scanners. At the same time, DHS refuses to issue dosimeters to TSA employees...
Women can get Fired for having a Baby in Ohio
In Ohio, your maternity leave might be permanent.
Even in the enlightened, family-friendly world of 2010, you can still get fired for getting pregnant.
In Ohio, anyway.
The Ohio Supreme Court ruled this week that companies can fire relatively new employees who take time off for pregnancy.
Justices ruled 5-1 that new employees risk getting fired when they take extended leaves for any reason. It’s...