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...That would follow moves by other platinum producers in South Africa to reduce headcounts, which the country’s Minerals Council estimates could result in somewhere between 4,000 to 7,000 job losses across...
...The new owner of UK car dealerships Stratstone and Evans Halshaw is preparing to cut hundreds of jobs after a collapse in the supply of used cars following the coronavirus pandemic....
...Twenty of the world’s biggest banks cut at least 61,905 jobs in 2023, according to Financial Times calculations....
...The job cuts were first reported by Bloomberg....
...Training manufacturing workers in applying alongside AI could help them adapt and minimise job losses, but opportunities may be limited....
...Train maker Alstom is close to a deal with the UK government over an order for new trains that could prevent mass job losses at its historic factory in Derby....
...In an exceptional year for games, but a difficult period for the games industry, individual triumphs were tempered by reminders of the thousands of job losses and dozens of studio closures that occurred...
...The idea of a sale of parts resurfaced following the appointment of former banker and Aviva executive Jason Windsor as Abrdn’s chief financial officer....
...The overhaul, which is expected to result in 20,000 job losses by 2026, is moving faster than previously indicated....
...The pledge came despite a 30 per cent drop in profits during the fourth quarter, when it was stung by a higher tax bill and a larger provision for loan losses, mainly driven by a bleaker outlook for US commercial...
...The cuts would be equivalent to 5 per cent of the firm’s financial advisory division....
...UK asset manager Abrdn is preparing to make hundreds of job cuts as part of a drive to cut about £150mn in costs....
...Workers at Britain’s biggest steel plant in Port Talbot in Wales are braced for widespread job losses as unions prepare for a crunch meeting with management on Thursday....
...“In the long-only listed space, it is really about being there when the market turns . . . there is so much value there now that it’s a no brainer,” Gilbert told the Financial Times....
...The job losses — about 10 per cent of Abrdn’s 5,000-strong workforce — were the centrepiece of a £150mn cost-saving programme set out on Wednesday, as the company revealed outflows from its funds had accelerated...
...The German central bank has burnt through the entire €19.2bn of provisions it built up to cover financial risks as well as most of its €3.1bn reserves to absorb the huge losses it made last year due to higher...
...Axel Springer has paid dividends of more than €750mn over the past four years, including a large award that came weeks after the German media group announced hundreds of job losses at its domestic news outlets...
...But in terms of the internal battle within the Tory party, the national insurance cut has done its job, in that Rishi Sunak is still prime minister....
...The company, which has more than 250,000 clients worldwide, expects the job cuts to cost about £2.5mn this year, but said it would achieve estimated annualised savings of £21mn in its 2025 financial year...
...Citi’s quarterly results were the worst since the end of 2009, when it was still emerging from the financial crisis....
...Despite the improved performance, John Lewis said it would not be paying staff a bonus at a time when staff morale has been affected by changes to redundancy pay and speculation about future job losses....
...“Their failings led to losses for those trapped in the fund when it was suspended.”...
...The mood inside the FTSE 250 company is “unstable and yet melancholic,” one employee told the Financial Times....
...BofA, Citi and UBS have initiated new rounds of job cuts in the past week....
...The firm has offered mid-level staff nine months’ pay while they look for another job, but they’re also simply laying people off — up to 400 jobs were axed this month....
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