United Airlines announces biggest pilot job cut in its history

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).

UK gambling regulator to press ahead with job cuts despite outcry

“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.”

UK firms see sharp August upturn but job cuts mount, PMI shows

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.

Extend furlough scheme ‘or risk second wave of job cuts’

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.

Virgin Atlantic plans 1,150 more job cuts

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

Exxon weighs global job cuts after unveiling Australian lay-off plan

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 […]

Daktronics announces job cuts blamed on coronavirus pandemic

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.

Haribo plans job cuts at Pontefract site

“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.

Wall Street bonuses likely to tumble, job cuts to start in late 2020: report

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.

Ford to cut 1,000 jobs in North America: report

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.