Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 103 results for "job cuts"

Market Wrap

AAP  |  WEDNESDAY, 31 OCT 2012
... after European stock markets rebounded as investors cheered positive company earnings and reacted to news of thousands of job cuts at Swiss bank UBS, despite a lull in trading caused by the monster US storm Sandy. At 0825 AEDT on Wednesday, the December ...

Job cuts at PIS

BEN COLLINS  |  MONDAY, 22 OCT 2012
Professional Investment Services has announced structural changes that will see management roles cut. Chief executive Peter Walther in a statement said that while the changes were not motivated by cost cutting, nor were they based on performance of ...

Redundancies tipped at Plan B

BEN COLLINS  |  FRIDAY, 27 JUL 2012
Job cuts are predicted at Perth-based boutique wealth manager Plan B, if IOOF's proposed bid is successful. The Plan B board has unanimously recommended that shareholders accept the IOOF offer for 60 cents per ordinary share, in an off-market takeover ...

Deutsche Bank job cuts

BEN COLLINS  |  FRIDAY, 20 JUL 2012
... that Deutsche Bank would consider cutting up to 1000 positions in its investment bank after declines in revenue. The job cuts would be made mostly out of Germany, reported Bloomberg. In October Deutsche Bank announced that it would cut 500 jobs in the ...

Market Wrap

AAP  |  WEDNESDAY, 20 JUN 2012
... a volatile week. The media giant gained 7.4 per cent on Monday after announcing cost cutting measures including 1,900 job cuts but closed 8.5 per cent weaker the following day. In economic news on Wednesday, the Australian Bureau of Statistics (ABS) ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
... said Rantall. The AFA's Richard Klipin highlighted his concerns over annual fees and opt-in, which he said would lead to job cuts and more expensive advice, alienating middle income earners. "The issue will be resolved on the floor of the House and the ...

Market Wrap

AAP  |  FRIDAY, 17 FEB 2012
... sector, Billabong International shares rallied around 50 per cent after the company announced a major revamp including job cuts. The company on Friday reported its first-half profits were down 72 per cent to $16.097 million. At 1204, Billabong's shares ...

CBA profits up 19%, wealth mgmt struggles

ELISE BURGESS  |  WEDNESDAY, 15 FEB 2012
... retain its existing conservative business settings," said Ian Narev, CBA chief executive. In response to banking industry job cuts, Narev said CBA had no such plans for its employees. "We have no plans to send jobs offshore. And we have no plans for ...

Waiting for the RBA to dance

BENJAMIN ONG  |  TUESDAY, 7 FEB 2012
... "The unemployment rate remains closed to 5 per cent." Yes, it was clocked at 5.2% in December. But with the announced job cuts at Westpac and the car industry, among others, it's not looking flash. And on inflation, "... the Bank's current judgement ...

Shorten urges banks to stand by staff

CLAIRE MCGREAL  |  FRIDAY, 3 FEB 2012
... people are unemployed doesn't have customers." Westpac chief executive Gail Kelly told ABC this morning that while the 560 job cuts were "likely to be the largest announcement" the bank makes this year, further redundancies may be on the cards. "...as ...