Lloyds Banking Group has said it will have to speed up its cost-cutting plan to help offset a more testing business environment. Britain’s largest retail bank is to axe many more jobs as part of the scheme.
Swiss banking giant Credit Suisse is ramping up its restructuring program in a bid to cut an extra $1 billion in costs. A further 2,000 jobs are now set to go, on top of the 4,000 job cuts announced last month.
Air France will go ahead with nearly one thousand lay-offs in 2016 as the struggling firm attempts a massive restructuring. The CEO said that thousands more cuts could be avoided if talks with the union go well. Air France confirmed on Sunday that it would go forward with job cuts proposed as part of a …
US manufacturing giant Caterpillar has said it will have to implement a large cost-cutting program over the next few years. The move comes in response to continuously weak mining and energy sectors. Caterpillar said Thursday it might have to slash up to 10,000 jobs through 2018 in a bid to save up to $1.5 billion …
