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Showing 61 - 70 of 109 results for "Job cuts"

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 ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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