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Showing 101 - 109 of 109 results for "job cuts"

Morning market wrap: US stocks head lower on disappointing jobs data

... U.S. firms in October suggested the job market might be some way from a full-fledged turnaround. The number of planned job cuts shot up to 171,874 in October from 76,506 in September, employment research firm Challenger, Gray & Christmas reported. The ...

AMP releases demerger plan

AAP  |  FRIDAY, 17 OCT 2003
... fiscal year to the higher end of a $362-$495 million range after they are split from AMP's ailing UK arm. It also flagged job cuts, pay reductions for directors and executives and noted that it would fork out about $37.74 million in retention packages ...

CBA to cut domestic workforce by 3,700

... which has a current workforce of about 33,000, said that around 25 per cent of this reduction had already happened. The job cuts are part of CBA's "Which new Bank" customer service transformation, which it launched today. The bank said in implementing ...

CBA annual profit report could bring job agenda back

Job cuts could be back on the agenda when Commonwealth Bank of Australia Ltd reports an annual profit of close to $2 billion on Wednesday. Both analysts and staff expect an update from Australia's second biggest bank on a company-wide review of its ...

Telstra defends plans to cut 3,000 jobs

... in the next financial year. Stephen Morrison, media relations manager at Telstra, told the Financial Standard that the job cuts will not come at the expense of service to customers. He also said that the planned cuts are yet to be confirmed. "Telstra ...

Commonwealth Bank remains confident of earnings growth

... with their forecasts for the bank. Meanwhile CBA's major restructure, which was announced last year and includes 1600 job cuts, remained on track, Murray said. CBA expected the restructure would cost it $143 million before tax, but was confident it would ...

Midday market wrap: All Ordinaries up slightly

... the profitable airline. The carrier's technical and maintenance staff had threatened to strike in protest to projected job cuts. The HIH Royal Commission said today that the $5.3 billion collapse of the insurance giant was due primarily to mismanagement. ...

Midday market wrap: All Ordinaries edges lower

... Ordinaries was trading 0.43 per cent lower at lunchtime as Qantas shares dropped 4% to $3.08 after the announcement of 1,000 job cuts. The banking sector also fells this morning with Commonwealth losing $0.26 to $26.44, ANZ shedding $0.26 to $18.32 and ...

Qantas staff strikes loom as profits soar 56%

... between now and June 30. Unions have expressed anger at the Qantas announcements and will seek talks over the proposed job cuts, especially in light of the profit announcement. Cabin crews have also announced their intention to strike next week in protest ...