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... 

In June 2014 the National High Court of Spain deemed illegal the layoff of 1200 workers in Coca Cola’s bottling plant in Madrid. 9 months have gone by and Coca Cola still has not complied with the law. Moreover, the National Court has also condemned the multinational company for denying its workers the right to strike. The trade unions claim that Coca Cola never had an intention to negotiate. The... 

Thousands of recently highly paid workers have been laid off after the oil price plummeted 50 percent in 2014. At least four American oil-producing states are already facing budget problems due to decreasing oil revenues. The price plunge has affected petroleum production in all oil-extracting countries, including the US. Currently cheap fuel is still believed to be providing an overall boost to the... 

Demonstrators gather on the Kossuth Square in front of the Hungarian Parliament building during an anti-government demonstration, called Day of Public Outcry in Budapest, Hungary, November. 17, 2014. Thousands of Hungarian teachers have staged an anti-government protest in the capital Budapest to call for dialogue on education reforms and a halt to funding cuts. Some 2,000 teachers said on Saturday... 

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,... 

Microsoft will cut a record 18,000 jobs next year, as the company’s new CEO Satya Nadella seeks to boost efficiency, according to a company memo on Thursday. “The first step to building the right organization for our ambitions is to realign our workforce. With this in mind, we will begin to reduce the size of our overall workforce by up to 18,000 jobs in the next year,” Satya Nadella said in... 

Protesters attend a demonstration in Athens, Greece, July 8, 2013. Tens of thousands of Greek municipal workers have staged a strike to protest against the massive public sector layoffs enacted by the government in order to secure promised loans. Greek civil servants including policemen and schoolteachers took to the streets outside the Administrative Reform Ministry in Athens on Monday, as the government... 

Thousands of students demonstrate in Madrid to protest against Spanish government’s spending cuts in the education system, February 6, 2013. Thousands of students and teachers have demonstrated in the Spanish capital Madrid to protest against the government’s budget cuts in the education sector. Carrying flags and banners that read “Our education will not pay your debt,” the demonstrators... 

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... 

Russian gamblers are placing their final bets before casinos close down for good in Moscow and other big cities. A new law that comes into effect Wednesday says gambling must now be confined to four far-flung special zones. Casinos and slot machines will now be allowed to operate only in Kaliningrad on the Baltic Sea, the Primorsky region on the Pacific coast, the Altai region in Siberia and near the...