United’s planned cuts, released in a memo to employees and shared with the media, would run between Oct. 1 and Nov. 30. They are significantly higher than the 1,900 announced earlier this week by Delta Air Lines (DAL.N) and 1,600 by American Airlines (AAL.O).
“The commission is adrift – DCMS [the Department for Digital, Culture, Media and Sport] needs to set performance targets and [the Gambling Commission] needs to get its funding on a sound, realistic footing and make a proper plan to meet them.”
The early reading of the IHS Markit/CIPS UK Composite Purchasing Managers’ Index (PMI), covering the services and manufacturing sectors, shot up to a nearly seven-year high of 60.3 from 57.0 in July, far above the 50 threshold for growth.
The head of the CBI, Dame Carolyn Fairbairn, told the Financial Times that she acknowledged the furlough scheme – which is expected to cost £80bn – had been expensive, but said it had been “an absolute lifesaver” and more help was needed.
FILE PHOTO: Grounded Virgin Atlantic aircraft are seen through the fences as they remain grounded as the spread of the coronavirus disease (COVID-19) continues at Manchester Airport in Manchester, Britain June 20, 2020. Picture taken June 20, 2020. REUTERS/Phil Noble
MELBOURNE: Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off programme in Australia.Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic.The company has slashed capital spending this year […]
The Argus Leader reports the Brookings-based maker of electronic displays and billboards reported its net sales, net income and cash generated by operations for the first fiscal quarter were down.
“The UK has become a manufacturing centre of excellence in the global Haribo network. But to protect this position, we must respond to significant rising costs and the demands of a highly competitive market,” he said.
Alan Johnson, author of the report, has said that layoffs this year could be significant. Companies were forced to make quick decisions and cut red tape during the pandemic, and they have recognized fewer employees are needed to do certain jobs, Johnson said.
The North American cuts are expected to be smaller and come in the form of voluntary buyouts, Bloomberg News reported. The new cuts are expected to be in addition to 2,300 previously announced salaried job reductions in the U.S. during Hackett’s tenure.