Boeing to cut 10,000 jobs, starbucks to cut 6,700!!!; Toshiba to cut 4,500!!!

[116520]

But some foreign talents don't come cheap...

Ya la damn sian. Employer sure hire them as its cheaper.

[seiko.citizen]

dont come cheap nevermind...... performance matters. just like you buy a car. the chery QQ can get you from A to B. but a lexus LS430 can also get you from A to B.

in times of bad economic times, gambling industry receives the biggest chunk of any handout. I guess its time for me to buy into marina bay too

[Hary]

According to media report, Ebel retrenched 25 people ,Zenith 24 people.
Obviously the crisis has hit the luxury branches, and they expect to see more retrenchments from watch industry.

Apparently Zenith employed 270 people. 24 people = 9% of their total workforce. Quite significant in my opinion.

[116520]

Correct.... very bad... my friend is in the management level of a local company, forced to work 4-day week but in actual fact, still have to work 6 days a week...sianz...

According to media report, Ebel retrenched 25 people ,Zenith 24 people.
Obviously the crisis has hit the luxury branches, and they expect to see more retrenchments from watch industry.

Apparently Zenith employed 270 people. 24 people = 9% of their total workforce. Quite significant in my opinion.

[Nooch]

Nissan to cut 20,000 jobs - Again another giant fall

TOKYO: Japan's Nissan Motor Co. said Monday it would cut 20,000 jobs worldwide and forecast a net loss of 265 billion yen (US$2.9 billion) in this financial year to March due to the economic crisis.

Nissan posted a net loss of 83.2 billion yen in the fiscal third quarter to December, blaming the global economic slowdown and the strong yen.

Chief executive Carlos Ghosn, who salvaged Nissan from near bankruptcy when he was parachuted in from Renault a decade ago, said the automaker's "worst assumptions on the state of the global economy have been met or exceeded."

"The global auto industry is in turmoil. Nissan is no exception," he said.

Nissan said it would shrink its global workforce in the next financial year to March 2010 from 235,000 to 215,000.

"In response to this crisis, which is not of our making, we have to reevaluate our global headcount," Ghosn said.

Nissan made an operating loss of 99.2 billion yen in the third quarter as revenue tumbled 34.4 per cent to 1.82 trillion yen.

Nissan sold 731,000 vehicles worldwide in the third quarter, down 18.6 per cent from a year earlier.