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Tag Archives: 000 jobs

GM to invest US$1b in US manufacturing, create 5,000 jobs

WASHINGTON: General Motors said on Tuesday (Jan 17) it will invest an additional US$1 billion in US manufacturing operations and create up to 5,000 jobs in the coming years, for which Donald Trump immediately took credit. The investments in new vehicle and advanced technology are tied to 1,500 new and “retained” jobs, while 450 will be returned to the US ...

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Thomson Reuters to cut 2,000 jobs, take fourth-quarter charge

REUTERS: Thomson Reuters Corp said on Tuesday it would cut about 2,000 jobs worldwide, about 4 percent of its workforce, and take a fourth-quarter charge of US$200 million to US$250 million to streamline its business. The restructuring across 39 countries and 150 locations would mainly affect the Financial & Risk business and the Enterprise, Technology & Operations Group, the news ...

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Germany’s Commerzbank cuts nearly 10,000 jobs

  Germany’s Commerzbank will cut more than a fifth of its workforce and suspend its dividend as it tackles the challenges of low interest rates, weak profits and the shift to online banking. Germany’s second biggest lender said on Thursday it plans to cut 9,600 of its 45,000 full-time positions, a more drastic move than the 10 per cent staff ...

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U.S. Shipbuilding Industry Tops 110,000 Jobs

    U.S. Transportation Secretary Anthony Foxx has announced updated data on the U.S. shipbuilding industry. The report, prepared by the U.S. Department of Transportation’s Maritime Administration, found that the U.S. shipbuilding and repair industry supports jobs in all 50 states with a total of more than 110,000 jobs nationwide and contributes $37.3 billion dollars to the national GDP.Currently there ...

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Standard Chartered axes 15,000 jobs, announces US$5.1b capital raise

HONG KONG: Asia-focused British bank Standard Chartered said on Tuesday (Nov 3) it would axe 15,000 jobs and raise US$5.1 billion in capital after posting a “disappointing” third-quarter loss as it struggles to return to growth. The job losses are part of a major restructuring that will cost around US$3 billion, the bank said. A Standard Chartered spokeswoman said she ...

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