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

Search Results

Showing 61 - 70 of 103 results for "Job cuts"

FSU slams banking sector cost cutting plans

CLAIRE MCGREAL  |  TUESDAY, 17 JAN 2012
The Finance Sector Union, representing workers at Australia's big four banks, said job cuts in the banking industry cannot be justified. Reports today claim thousands of bank jobs could be on the line over the next two years as part of major cost cutting ...

INGIM cuts jobs before takeover

ELISE BURGESS  |  WEDNESDAY, 21 SEP 2011
... in the lead up to its takeover by UBS Asset Management, with estimates at 36 staff cuts to date. Notice of potential job cuts was given back in June when news of the takeover was announced, with the two firms stating there was a possibility for redundancies ...

Market Wrap - Midday

AAP  |  MONDAY, 22 AUG 2011
... lost half a cent to 78.5 cents after the company confirmed the closure of two of its production facilities and 1,000 job cuts, while reporting a $1.054 billion net loss for the year to June 30. However, at 1230 AEST, shares in Australia's second-biggest ...

Earnings up but jobs cut at State Street

ALISON BEVEGE  |  WEDNESDAY, 20 JUL 2011
... quarter increase in earnings but that was not enough to save jobs with a further 850 positions to be cut. The global job cuts come as part of an "IT Transformation" program with 320 information technology workers moving to tech firms IBM or Wipro while ...

Macquarie may slash jobs in dip

ALISON BEVEGE  |  TUESDAY, 19 JUL 2011
... an expected fall in revenue as their shares slumped to two-year lows. As news rolled round the globe of the expected job cuts today, Macquarie Group shares slumped a further 1.61% to $28.16 in morning trade, dipping as far as $28.07. Citigroup analyst ...

Market Wrap - Morning

AAP  |  MONDAY, 9 MAY 2011
... Department reported private employers hired 268,000 people last month, the most since February 2006. Taking into account job cuts of government workers, the economy added a total of 244,000 jobs overall last month, well above the 185,000 jobs that analysts ...

Van Eyk head of distrib exits, staff cuts

RUTH LIEW  |  THURSDAY, 4 NOV 2010
Van Eyk has made job cuts across its sales, product, IT and research departments, while head of distribution, Michael Angwin, has resigned. Mark Thomas, chief executive of van Eyk, said less than 10 people were let go as part of the restructure. Angwin ...

Bond rush

BENJAMIN ONG  |  TUESDAY, 24 AUG 2010
... cost cutting rather than through revenue growth and highlights the economy's weakness....Mergers also typically lead to job cuts, casting another shadow over an already weak labor market." The bond markets like this... very much. Yields on US Treasuries ...

Not a jobless double-dip

BENJAMIN ONG  |  MONDAY, 9 AUG 2010
... July from no change in the month before. So what do you think of the job numbers? There's no question about it -- "US job cuts raise double dip fears" -- said Motoko Rich's article in the New York Times. Mr. Rich even quoted Mary Moore saying, ''This ...

Local jobseekers enjoy strong executive search market

MICHELLE BALTAZAR  |  FRIDAY, 28 MAY 2010
... the resilient economy and a local financial services sector that, relatively speaking, was insulated from the massive job cuts seen in Wall Street. Johnson said the numbers were high because they signalled a major reversal in market sentiment in the ...