Posts Tagged ‘employees’
Online auction giant eBay has announced that it will cut 1,000 jobs from its workforce. This is considered the biggest job cut by the company that is almost 10% of its workforce. The step is being taken to improve operations and streamline the business.
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In the cutbacks, hundreds of other temporary workers may also lose their jobs.
Aside from announcing the job cuts, the company said that it was going on the acquisition trail to buy online payments site Bill ME Later. Read the rest of this entry
MELBOURNE, Australia – On Friday Ford Australia took measures to cut costs by terminating the services of up to 350 employees. This translates into 15% of the manufacturing work force for the company in the country.
Amid increasing fuel prices, toughening competition between the auto manufacturers resulting in a slump of sales, companies have to make severe cuts in their costs. This often translates into cutting the labor force. The effect of the downturn in the global auto industry has arrived in Australia as well. Read the rest of this entry
